Best practices in risk management

Big Data & Analytics

Posted on by CRO Forum
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The smart phone checking your blood pressure, your car’s navigation system, your web navigation – just three examples of solutions that, in addition to making your daily life easier, produce data representing your health and motor liability risk profile. New paradigms are emerging from sensors, devices and software. The move into technology and data – […]


Casualty Accumulation Risk

Posted on by CRO Forum
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Casualty accumulation is the concentration of insured risks or insurance coverages that may be affected by events or circumstances that cause substantial losses under several insurance policies, and potentially over multiple years and geographies. In the past, casualty accumulation has led to well-known claims complexes such as asbestos, the Mont Blanc Tunnel accident and the […]


Sound Risk Culture in the Insurance Industry

Posted on by CRO Forum
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Risk culture is at the centre of attention in almost all industries. Leadership pressure, higher consumer protection standards, negative public reputation and regulatory requirements are driving risk culture up the organisational agenda. This paper aims to convey the importance of a sound risk culture within the insurance industry, answers the question why it matters and […]


Risk Appetite – Survey Results

Posted on by CRO Forum
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  The topic of risk appetite has exploded in recent years, especially since the global financial crisis. Risk appetite frameworks (“RAF”) and risk appetite statements (“RAS”) continue to evolve, and companies are at different stages of implementation. In December 2013, the CRO Council (“Council”) and the CRO Forum (“Forum”) published the paper “Establishing and Embedding […]


Cyber resilience – The cyber risk challenge and the role of insurance

Posted on by CRO Forum
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The digital revolution is bringing many benefits to society and business, but the growing reliance on information technology and the internet is increasing the exposure to cyber risk. For insurers, this threat stems from the sensitive customer and company data they hold which make them vulnerable to disruption of IT service availability, data breaches and […]