CRO 3.0: how the risk function is evolving
Louie Woodall talks to four chief risk officers about how the risk function is responding to the economic and regulatory challenges facing the insurance industry
Risk management in today’s climate is an unenviable business. On both sides of the Atlantic, insurance firms are hunting for yield in a depressed interest rate environment and grappling with the flood of new regulations demanded by both national and supra-national supervisors.
In Europe, insurers are immersed in the long-term guarantees impact assessment, the latest instalment in the Solvency II saga. Over in the States, insurers work on developing their Own Risk and Solvency Assessments (Orsa)
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