Core Expertise · 04
Risk
Risk management goes beyond measuring risk. It means deciding how much risk can be carried, and managing it. Building on deep expertise in capital and solvency, asset-liability management (ALM) and interest-rate risk in insurance and financial services, KSAAC supports enterprise risk management (ERM) across a company's financial, strategic and operational risks.
Key capabilities
- Enterprise risk management (ERM)
- Financial, strategic & operational risk
- K-ICS capital & solvency
- ALM, interest-rate risk & reinsurance
What we cover
Enterprise risk management (ERM)
Designing and improving company-wide frameworks to identify and manage key risks, including risk governance, limits and reporting.
Financial, strategic and operational risk
Analyzing how financial risks such as market, credit and liquidity risk, and strategic and operational risks, affect capital and performance, and reviewing how to manage them.
K-ICS capital and international frameworks
Supporting K-ICS, Korea's risk-based solvency regime, from implementation to operation, built on its required- and available-capital structure, and drawing on research into Solvency II and the Insurance Capital Standard (ICS) to compare and interpret domestic requirements.
ALM and interest-rate risk
Managing assets and liabilities together, with a focus on interest-rate risk, and reviewing hedging strategies.
Reinsurance and risk transfer
Reviewing how reinsurance and other risk-transfer tools affect capital and earnings.
Risk modeling and scenario analysis
Designing models and scenario analysis to measure key risks, so they inform decisions and strengthen resilience.
Actuarial and Risk
In insurance and pensions, the two disciplines share data but ask different questions.
Actuarial asks
What are the insurance contracts and benefit obligations worth?
Risk asks
Is there enough capital to carry their uncertainty, and how should it be managed?
Risk's question does not stop at insurers and financial institutions. A company's financial, strategic and operational risks start from the same question.
See ActuarialRisk × AI & Data
Risk measurement depends on data quality and the range of scenarios considered. KSAAC applies AI, machine learning and data analytics to data preparation, scenario analysis and probabilistic forecasting, and documents each model's assumptions and limits alongside it.
See AI & Data