Fundamental change in the insurance industry, coupled with social forces and tech innovation, are transforming the risk function, reshaping how insurers operate. The stakes are high. To survive—let alone thrive—insurers are encouraged to evolve.
Rather than watch disruption happen, insurers should be driving it: investing in new technologies, offering new products, building efficiency and adapting to change.
Since 2009, Accenture has conducted regular research on how risk management has steadily evolved. Our latest research reveals how many of today’s risks—such as cybercrime—also present opportunities. Read the report. Keep pace. And evolve your organization to drive hidden value from risk.
In 2017, insurance companies are responding to change by taking a more fluid, progressive approach to risk management. Our study shows that respondent organizations are investing to develop their risk functions in three key areas:
In this complex and continuously evolving risk landscape, what simple but powerful actions can Chief Risk Officers (CROs) take now to generate greater business value from the opportunities? The 2017 findings point to six key steps that insurance industry risk leaders can consider taking now.
Read the report for all the detail on these six steps, plus other valuable insights.
Grow internal knowledge
Build a powerful risk radar
Mix up the team
Report to the top
Boost risk processes
Get closer to the business
Want to find out what the research reveals about the risk function today—and how risk can be reorganized to become active, bold and unafraid to innovate for a new era? With a suite of resources available, get the complete picture. From every angle.
5 MIN READ
Discover how insurers are responding to the key challenges they are facing.
15 MIN READ
See the presentation for a more detailed look at the study.
30 MIN READ
See the full report for in-depth insight and analysis from the study.