Implementation of Enterprise Risk Management

First, the purpose of this paper is to examine the German insurance industry Enterprise Risk Management program and the relationship to corporate governance, line management, as well as, portfolio management. To use scientific research to determine the intricate details about this German insurance industry implementation process and to seek information regarding risk exposure to the environment and to investigate each component that links risk exposure to the stakeholders. To find if the board and the risk assessment officers responsible for risk control are failing at their jobs.