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| The value of ERM - some research findings »
April 18, 2008
About Madhu Acharyya
I am particularly interested on the innovative research on Enterprise Risk Management in the financial services comprising of a wide range of topics in relation to economical, organizational, political and environmental issues.
I have completed PhD in Enterprise Risk Management in the insurance industry from the University of Southampton in 2006. This award winning research conducted an inductive study on the understanding, evolution, structure, challenges of implementation, and performance of Enterprise Risk Management (ERM) in the insurance industry. The data were collected from four major insurance companies located in Switzerland, Italy and United Kingdom (including 68 interviews) comprising of a wide range of professions i.e., actuaries, finance managers, auditors, risk officers, underwriters, accountants, HR managers, investment officers, and so on. The opinions and arguments of industry managers were then communicated to a range of risk experts, i.e., consultants, financial regulators, academics, rating agency people (through face-to-face and telephone discussions) to receive their comments and feedback. A conceptual framework along with the emerging issues of ERM was proposed. Although the study concentrated on the ERM for insurance industry, the output can be adopted both in the financial and non-financial sectors with necessary modifications or adjustments. The key motivation of the research (at least from an academic perspective) is to identify and demonstrate the gaps of understanding and conceptualizing the economical, political, organizational, and environmental dimensions of risk across disciplines (i.e., business and economics including management, finance & accounting, psychology and sociology).
The study has won an international award titled "SHIN Research Excellence Award" presented jointly by the Geneva Association and International Insurance Society in 2006 worth $10,000. Several research papers have been prepared on the basis of the study and two of them have already been published (please see below). In addition, a chapter is under preparation for a book titled "New Frontiers in Risk Management" by Springer.
It is important to mention that my academic career has followed a long industry experience where I worked for an insurance company in Bangladesh from mid 1991 to mid 2000.
Posted by madhuacharyya at April 18, 2008 06:26 AM
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Posted by: Millionenquiz at May 26, 2010 06:02 PM
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Posted by: Millionenquiz at May 28, 2010 08:15 AM
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