EY – APAC insurance CRO survey 2017–2018
February 22 2018
This Asia-Pacific (APAC) Insurance Chief Risk Officer (CRO) survey has been undertaken with the aim of gaining insights into the role that CROs and risk functions play among insurers, and the key priorities of CROs in the short and medium term.
This survey has been designed to qualitatively understand the changing dynamics in the outlook of the risk function and the manner in which the CRO role is evolving. To that extent, we assessed CROs’ ability to contribute indirectly to value creation, identified the key challenges they face and their priorities as a result of changing regulatory requirements and unstable economic environment, and collected their views on the evolving role of technology in the industry and how they manage the risks associated with it.
Our findings this year call for the continued empowerment of individual accountabilities in particular across the three lines of defence to manage risk. This includes enhancing the risk appetite framework and developing and implementing risk culture and conduct frameworks. The need for this is critical for insurers to be successful in transforming their business in response to numerous internal and external pressures. Our results explore this further in the areas of emerging risks including cyber, the overabundance of regulatory change and the digital agenda already on our door step.
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
Swiss Re: Nat cats and man-made disasters in 2018
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
Peak Re: Emerging Asia’s life and health opportunity
- March 11
Life and health premium growth is expected to outpace GDP gains in eight Asian markets.
-
Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
-
Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
-
Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
-
WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
