Enterprise risk management is a process of establishing and perfecting enterprise internal control system and systematically managing factors (risks) that have a significant impact on enterprise objectives, including: establishing objectives, risk identification, risk analysis, risk strategy and a series of risk assessment mechanisms;
Risk control refers to the factors (risks) that have a significant impact on enterprise goals. According to the relevant system norms, relevant departments, posts or personnel are set up to effectively control risks, and at the same time, the information, communication and supervision mechanisms in the process of risk control are established and improved, that is, the internal control system is established and improved from the five elements of internal control and its effective implementation is ensured, so as to realize the process of effectively controlling risks.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.