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 [...]
Emmanuel Van Grimbergen, Chief Risk Officer of Ageas and vice-Chairman of the CRO Forum in 2015, was elected CRO Forum Chairman for 2016 during the fourth quarterly meeting of the Forum in December 2015. Before [...]
The world is about to embark on a fourth industrial revolution, propelled by innovative technologies termed as the “Smart Factory.” The real world will be turned into a huge information system bringing about a new [...]
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 [...]
In recent years, there have been substantial changes in the approach to supervision of insurance groups. There has been much debate on group capital requirements and risk management and reporting obligations. However, group supervision is [...]
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 [...]
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 [...]
Renzo Avesani, Chief Risk Officer of Unipol and Vice-Chairman of the CRO Forum in 2014, was elected CRO Forum Chairman for 2015 during the fourth quarterly meeting of the Forum in December 2014. Renzo’s previous [...]
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 [...]
In 2014 the CRO Forum members have developed a recommendation for minimum data standards for reporting loss events to an operational risk (OpRisk) loss data consortium. Currently, different providers for loss database services use their [...]
