The paper provides a view for re(insurance) organisations on the risks associated with ransomware, providing insights specific to the insurance industry. The paper discusses ransomware trends, regulatory developments and the threat profile for insurers, it [...]
Increased digitalization in society is leading to increased digitalization in the insurance industry impacting distribution, product design, underwriting and operations. This changing landscape also requires that Governance, Risk Management and Compliance (GRC) activities across large [...]
The urgent need to accelerate the development of a resilient and sustainable future energy economy has been highlighted by the impacts on energy supply due to the war in Ukraine. Decarbonization of the energy economy [...]
The CRO Forum’s Emerging Risk Initiative continually scans the horizon to identify and communicate emerging risks facing the insurance industry. The Emerging Risk Initiative identified the current major trends and emerging risks which are expected [...]
Medical advances have significantly improved existing medical practice and will continue do so in the future. Such developments will not only bring benefits for clinicians and patients, but also opportunities and challenges for insurers adapting [...]
More than ten years on from the global financial crisis, liquidity risk remains an important theme for the financial services industry, including for re/insurers. The crisis triggered changes in market dynamics. The paper highlights the [...]
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 [...]
David Cole, Chief Risk Officer of Swiss Re and Vice-Chairman of the CRO Forum during 2012, was elected as the CRO Forum Chairman for 2013.
Robin Spencer, Chief Risk Officer of Aviva PLC and Vice-Chairman of the CRO Forum during 2011, was elected as the CRO Forum Chairman for 2012. Swiss Re’s Chief Risk Officer, David Cole, was elected Vice-Chairman of the CRO Forum for 2012.
As a consequence of globalisation, public expectations have risen that businesses should behave responsibly and accountably in terms of minimizing their environmental and social footprint. Even though this footprint is low for the insurance industry due to the service nature of its operations, headline risk has nonetheless increased.
