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 [...]
In 2013 the CRO Forum published a paper on Scenario Analysis that provided principles that could be used by re(insurance) practitioners to develop an appropriate set of scenarios and stress tests within their risk [...]
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 [...]
In 2007 the CRO Forum published a paper on “Influenza Pandemics” that provided a consolidated view of the potential impact of a Spanish Flu-like scenario on insurance undertakings. The authors also identified steps toward [...]
The CRO Forum’s Emerging Risk Initiative continually scans the horizon to identify and communicate emerging risks facing the insurance industry which are expected to have a significant impact on the insurance sector within 1 to [...]
The Internet of Things (IoT) is connecting the “virtual” world to physical reality: not only the devices we would normally associate with accessing the Internet, but also machines, vehicles, and industrial plants of all kinds [...]
Back in 2019, mental health conditions affected one in ten people worldwide. This was in pre-COVID times: before the global health crisis, the successive lockdowns, the isolation, the economic hardship, the uncertainty and anxiety about [...]
The importance of building resilient infrastructure and promoting inclusive and sustainable industrialisation as well as fostering innovation, is increasingly recognised. The role of the insurance industry in facilitating the proper functioning of the 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 [...]
Recently, the ‘Three Lines Model’ has come under scrutiny and criticism as to whether it remains fit for purpose for financial institutions, against the background of today’s business environment and risk landscape. New technologies such [...]
