Risk Concentration
What is Risk Concentration?
The accumulation of exposure to a single risk factor, counterparty, or geographic area that could result in significant losses.
Frameworks that govern risk concentration
What the standards actually require on risk concentration
Requirements naming risk concentration across this standard, quoted from the control text.
IFRS 17 - Insurance Contracts1 control
Paragraphs 93-132 establish disclosure requirements. Per public IFRS 17 abstract + IFRS Foundation Project Summary + Wikipedia + Big 4 Insurance Industry Insights (full IFRS 17 text NOT reproduced): Disclosure Objectives (Para 93-94) - enable users of financia...
IFRS17-Disclosure-Amounts-Risks-DataQuality-Granularity · IFRS 17 - Disclosure + Objectives + Amounts Recognised + Significant Judgements + Nature and Extent of Risks + Data Quality + Granularity (Paragraphs 93-132) →Questions people ask about risk concentration
What is Risk Concentration?
The accumulation of exposure to a single risk factor, counterparty, or geographic area that could result in significant losses.
Why is Risk Concentration important for compliance?
Risk Concentration is a key concept in Risk Management. Understanding risk concentration helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Risk Concentration?
Risk Concentration appears in the requirement text of IFRS 17 - Insurance Contracts. Across these standards we have identified 1 control that names it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Concentration?
Explore our compliance framework pages to see how risk concentration applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.
See how Risk Concentration applies across compliance frameworks
Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.
Written and maintained by Gerard Blokdyk, The Art of Service.