Insurance
परिचालन जोखिम
The risk of loss resulting from inadequate or failed internal processes, people, systems, or from external events, including legal and compliance risk, but excluding strategic and reputational risk.
Quick answer: The risk of loss resulting from inadequate or failed internal processes, people, systems, or from external events, including legal and compliance risk, but excluding strategic and reputational risk.
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Quick answer
The risk of loss resulting from inadequate or failed internal processes, people, systems, or from external events, including legal and compliance risk, but excluding strategic and reputational risk.
Why it matters
परिचालन जोखिम matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Editorial context
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Definition
The risk of loss resulting from inadequate or failed internal processes, people, systems, or from external events, including legal and compliance risk, but excluding strategic and reputational risk.
Operational example
Operational risk events such as system failures or internal fraud can result in significant losses for insurance companies if not properly managed.
Localized term
परिचालन जोखिम
Localized example
सिस्टम फेल या आंतरिक धोखाधड़ी जैसी परिचालन जोखिम घटनाएँ अगर सही से न संभाली जाएं तो बीमा कंपनियों के लिए भारी नुकसान ला सकती हैं।
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
