Asia CROs divided on risk culture measurement

Risk culture hard to manage, even harder to measure, say panellists at Insurance Risk Asia

Chief risk officers (CROs) at Asian insurers are divided on the value of measurement as a step towards influencing risk culture.

Speaking at Insurance Risk Asia, Axa Asia's chief risk officer Mark Stamper said the firm had begun work on measuring risk culture, but had abandoned its plans. "Most approaches to measuring risk culture use surveys, and we were concerned those can be sabotaged," he said.

Business managers, Stamper said, may give answers they know they should do, rather than an honest