Management Of Operational Risks In Insurance - Current Situation, Trends And Benchmarks When Dealing With Operational Risks, Part 2

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5. REPORTING

In order to define an individualized, optimally designed reporting system for each company, the main question is what general objective should be achieved by the overall company ORM. This originates from the risk policy (cf. chapter 2), in which the corporate ORM guidelines are formulated. Only based on the defined objective is it possible to address further important questions concerning the organization of a reporting system, and these are then tackled in a targeted way to achieve the individual objective.

Who is responsible for the reporting and what reporting lines should be considered? What form, content and scope should the reporting system have? At what moment should which addressee be informed? How were measures developed from the reporting results?