Organizational information systems, information flows, and formal and informal decision-making processes are all a part of establishing which type of context in regard to the organization?
According to ISO31000 (2018), clause 5., establishing the context involves defining ''the external and internal parameters to be taken into account when managing risk''. The internal context includes ''information systems, information flows and decision-making processes'' among other factors.
What is typically the day-to-day responsibility of a Chief Risk Officer within a large organisation?
Which of the following statements about captive insurance companies are correct?
1. A captive cannot act as a reinsurer.
2. A captive can access reinsurance markets.
3. A captive can sometimes offer greater cover than is available in the insurance market.
4. A captive must be located in the same country as its parent company.
