What Does Operational Risk Management Mean?

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What does Operational Risk Management mean? Read on to discover the definition & meaning of the term Operational Risk Management - to help you better understand the language used in insurance policies.

Operational Risk Management

Operational Risk Management

Application of the risk management process to operational risk. ORM treats a broader spectrum of risks than traditional risk management but a more limited set of risks than does enterprise risk management (ERM).

We hope the you have a better understanding of the meaning of Operational Risk Management.

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