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Benefits of complex systems approach to ERM

This introduces a 'systems' concept for looking atĀ Enterprise Risk Management as a complex system. It covers methods and tools, and gives examples of their use. It introduces the connectivity matrix as a tool to spot early warning signals from complex adaptive systems.

Benefits of complex systems approach to ERM

Content type: Best practice

Last updated: 01 January 2023

Author/s: The Actuarial Profession

The paper covers:

  • What is a system?
  • What is a complex system?
  • What is a complex adaptive system?
  • Systems Movement
  • Properties of Complex Adaptive Systems

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