Social Security Oriented Risk Management
Workers or mangers at social security related institutions and academia interested in the topic.
Risks, if materialized, can cause financial weakness, operational ineffectiveness, poor services or products provided by the institution and the image it projects to the public. Therefore, guidelines but be established in order to determine the magnitude of such risks, instructing middle management to implement internal control mechanisms to prevent, mitigate or deflect risk in order to cut down on their effects.
With risk understood to mean the likelihood of some random event which would bode ill for the person entity to which it occurs, it is implied that social insurance is not exempt from such events as could put its financial viability in jeopardy.
Once the risks have been identified, social insurance would be in a position to implement preventive measures to contain or lessen the severity of their financial impact, were such risks to materialise.
Officials with good quantitative skills that are seeking to combine technical skills, quantitative research and intelligent risk strategies with financial intuition.