Digital security awareness and resilience is one of the highest priority items on all agendas. However, the lack of data captured using a common language – understandable by different disciplines within and across organisations - [...]
Patrick Raaflaub, Chief Risk Officer of Swiss Re and vice-Chairman of the CRO Forum in 2017, has been elected CRO Forum Chairman for 2018. Patrick has been Chief Risk Officer at Swiss Re since [...]
With data available at an unprecedented scale, Big Data & Analytics allow insurers to strengthen risk prevention, develop more personalised products, and cover previously excluded risks. For instance, diabetes patients may benefit from customized health [...]
CROF ERI 2017 - Autonomous Machines Position Paper Autonomous machines increasingly feature in business’s and people’s everyday lives. With exponential advances expected in the next few years in artificial intelligence, robotics and data-supporting infrastructure, autonomous [...]
CRO Forum - A Guide to Defining Embedding and Managing Risk Culture Regulators are taking a heightened interest in organizations’ risk management and underlying cultures, with the spotlight shifting somewhat from banks to insurers. Organizations [...]
In recognition of the fact that a sound capital and supervisory framework for the insurance sector is essential for supporting financial stability and protecting policyholders, IAIS committed to develop a risk-based global Insurance Capital Standard [...]
There is model risk associated with every model. Although this is a well-known fact and extensively covered in the literature, recent developments in insurance regulation, information technology and insurance product design have raised the awareness [...]
Bernhard Kaufmann, Group Chief Risk Officer of Munich Re and Vice-chair of the CRO Forum in 2016, has been elected CRO Forum Chairman for 2017. Bernhard joined Munich Re Group in 2000. He has been [...]
The CRO Forum’s Emerging Risk Initiative is committed to continuously improve risk management and identify emerging risks within the insurance industry. The Emerging Risk Initiative identified the current emerging risk which are expected to have [...]
Low Interest Rate Environment - When the going gets tough, the tough get going The continues drop in interest rates creates major challenges to be faced by life insurers. In particular, the current market environment [...]
