Financial Risk Manager Part 2

Financial Risk Manager Part 2

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The board of directors of the insurance company has identified several potential pathways for the organization's expansion that require thorough evaluation. To assess these opportunities and devise an optimal risk management framework for the entire firm, the risk committee has recommended the adoption of an Enterprise Risk Management (ERM) initiative. Considering the options listed below, which objective would be the most appropriate for the company to define as part of its ERM strategy?