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 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 [...]
Climate change, technological developments, social and demographic change and the changing geopolitical dynamics between developed and developing nations mean that the future risk landscape has not been so uncertain for a long time, and therefore [...]
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 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 [...]
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 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 [...]
In addition to its commitment to the Solvency II project, the CRO Forum maintains its focus on the promotion of best risk management practices by unraveling potential threats to the industry.
The Chief Risk Officer (CRO) Forum's Emerging Risk Initiative is committed to continuously improving risk management. This paper advocates as best practice a process whereby insurers and reinsurers re-examine their assumptions about frequency, severity, loss trends and how the risks in their portfolios are interconnected and generally stress test their internal processes for hitherto "unthinkable" dimensions of risks. The paper seeks to address rating agencies, analysts, governments, regulators, intermediaries and risk modelling firms alike. This study is non-binding and for reference purposes only.
