Operational risk
(as defined under Paragraph RM-6.1.3)
Operational risk is the risk to the insurance licensee of loss resulting from inadequate or failed internal processes, people and systems, or from external events.
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(as defined under Paragraph RM-6.1.3)
Operational risk is the risk to the insurance licensee of loss resulting from inadequate or failed internal processes, people and systems, or from external events.