This report on insurance firms is a sector-specific supplement to the Accenture 2013 Global Risk Management Study. It is based on a quantitative survey of executives from 98 organizations in the insurance industry. Respondents were C-level executives involved in risk management decisions.
Organizations were split among Europe (31 percent), North America (50 percent), Latin America (1 percent), and Asia Pacific (18 percent). Forty-eight percent of the companies had annual revenues between $1 billion and $5 billion, and 52 percent had annual revenues over $5 billion. Respondents included Chief Risk Officers (23 percent), Chief Executive Officers (23 percent), Chief Financial Officers (30 percent), and Chief Compliance Officers (23 percent).
Accenture also conducted in-depth interviews with senior leaders at 15 insurance sector organizations across regions. These provide supporting insights for our data-driven research, while presenting useful perspectives from companies in the sector.