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2017 GLOBAL RISK STUDY

EXPOSED

THE HIDDEN VALUE OF RISK IN INSURANCE

SEE THE
OPPORTUNITY OR
WAIT AND SEE?

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.

		30 MIN READ

KEY TRENDS IN 2017

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:

Harnessing digital innovation like AI, cloud and big data

15%

claim to be highly proficient in robotic process automation (RPA)

TWEET
THIS

Balancing old and new skills

71%

agree that lack of skills in new tech impedes the risk function

TWEET
THIS

Integrating across the business

65%

say they struggle to balance local and enterprise-wide risk priorities

TWEET
THIS

Since 2009, our research has mapped the evolution of risk management.
View our interactive timeline to find out more.

VIEW TIMELINE

RAISE YOUR RISK GAME.
SIX STEPS FOR SUCCESS

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.

Step 1:

Grow internal knowledge

Step 2:

Build a powerful risk radar

Step 3:

Mix up the team

Step 4:

Report to the top

Step 5:

Boost risk processes

Step 6:

Get closer to the business

GET THE WHOLE PICTURE

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.