Michael Howard Tripp, H. L. Bradley, R. Devitt, G. C. Orros, G. L. Overton, L. M. Pryor, R. A. Shaw
The paper overviews the application of existing actuarial techniques to operational risk. It considers how, working in conjunction with other experts, actuaries can develop a new framework to monitor/review, establish context, identify, understand and decide what to do in terms of the management and mitigation of operational risk. It suggests categorisations of risk to help analyses and proposes how new risk indicators may be needed, in conjunction with more normal quantification approaches.Using a case study…
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