Insurers Risk Intelligence: New Insights and Opportunities for Risk Management |
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Many insurance companies have dedicated significant resources to building their risk management programs in recent years.
However, the losses and declines in market value associated with the recent economic environment have revealed new insights about the complexity of risk, such as the increase in systemic risk and interconnectedness between financial risk and risk embedded in insurance products.
We believe the current economic environment and the insights that are emerging from it offer opportunities for companies to improve risk management capabilities and their competitive position. The report outlines:
- Four areas that should be assessed to enhance risk management, supplemented with new insights and actions to consider
- Likely responses and demands from regulators, rating agencies and investors
- Important questions every board should consider
This paper uses the current challenges of the insurance industry as a backdrop to provide insights on opportunities regarding risk management capabilities and what actions insurance companies may want to consider in their quest to become truly Risk Intelligent EnterprisesTM.
Insurers Risk Intelligence: New Insights and Opportunities for Risk Management
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