Insurance
Rischio operativo
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
Rischio operativo 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
Rischio operativo
Localized example
Eventi di rischio operativo come guasti ai sistemi o frodi interne possono causare gravi perdite alle compagnie di assicurazione se non gestiti correttamente.
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
