White Paper

Increasing Urgency and Evidence of Opportunity: A Survey of CROs in the Insurance Industry

April 3, 2013

Insurers have entered a new era of risk, with increased regulatory requirements and clear business justifications for embedding well-thought-out risk management strategies across the entire enterprise. In its annual survey of chief risk officers in the insurance industry, Ernst & Young found four overarching themes: The rising prominence of CROs; the varying phases of the risk management "journey" at individual insurers; the disparate impact of new regulations on different types of institutions; and the increasing focus that insurers are placing on the quantification of risk.