Risk Management and Insurance Review

Risk Management: The Unifying Framework for Business Scholarship and Pedagogy

Journal Article

Abstract

In this article, I provide a brief critical assessment of the intellectual history of risk management and insurance (RMI) as an academic discipline. Although the level of rigor and overall quality of RMI scholarship and pedagogy continue to improve, RMI remains too narrowly focused upon risk management issues specifically affecting insurance markets and institutions. Since risk management is of fundamental importance to virtually all areas of business scholarship and pedagogy, we must seek ways to more broadly apply risk management concepts.

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