ABSTRACT

For a company to survive, I believe it is necessary to build an enterprise-wide risk management system, taking into consideration business risks and strategic risks which are not covered by insurance. This requires that employees understand everyday risk management without exception. It is also necessary to take measures for emergency management in the case of risk actualization and other measures based on business continuity planning, which take into consideration large-scale disasters, etc. as such. We are required to develop both a department and appropriate human resources acting as internal checks since it is important to identify risk, assess the impacts and consider the hedge mechanisms. This is a fundamental point of view of risk management, which does not start with an initial insurance perspective.