Consider yourself having a task to assess how ERM could be best applied in two projects; one for an insurance/microfinance company and another for a higher education institution in Zambia. The key areas of ERM application include; governance, pricing, risk monitoring and business planning.

(i) Identify the various risks faced by each of the above two organisations and indicate whether the risks have been; static, increasing or decreasing Risk Faced Organisation Whether Risk is present or Absent ( or X) Future State of Risk (static, increasing or decreasing

Risk faced Organisation whether irsk is present or Absent Future state of risk(static, increasing or decreasing) Reason/Comment .

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