Even after my recent webinar series on “Mastering 21^st Century Enterprise Risk Management”, (www.fasttrack365.com/resources/videos), there continues to be confusion around how to aggregate risk in an Enterprise Risk Management (ERM) system.  Therefore some risk managers are now advocating that risks cannot be aggregated, but without aggregation ERM loses any meaning and purpose.  So if accepting the need to aggregate risk, both from business units to group and between diverse natures of risk, the basic question of how to aggregate risks returns. Continue reading →