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 [...]
Water risks are often underestimated, disregarded or simply ignored. They represent major emerging risks for the re/insurance industry and for global society in terms of scarcity, pollution, health, treatment, conflicts, regulatory and reputational risks. Water [...]
Solvency II - Tax? Not my cup of tea! The reality is, that under Solvency II taxes do concern every insurance undertaking, since (deferred) taxes can have a significant impact on the Solvency Capital Requirements [...]
Cyber risk continues to dominate discussions in nearly all forums. The limited and fragmented data on cyber risk presents a significant challenge for companies as they try to understand, mitigate and quantify cyber risks. A [...]
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 [...]
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 [...]
