Tag Archives: Year in the Life of the Strategic CRO

5 strategic challenges chief risk officers can address through reinsurance

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Insurers aspire to identify and acquire all the risks that can be insured at a profit. But they’re limited by their capital. Hence the need for reinsurance. Continue reading →

Reinsurance market remains stable amid ample capacity

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Despite a challenging 2017 and indifferent 2018 results, balance sheets of traditional reinsurers remain strong, and overall interest from insurance-linked securities investors remains mostly undimmed. Continue reading →

CRO ‘elevator speeches’ for strategy meetings

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Prepared "elevator speeches" can be an effective communication tool to help CROs cover the essential points of a topic without going into unnecessary technical details. Continue reading →

Changing risk culture and the dynamic CRO

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Establishing a consistent and enterprise-wide risk management framework, supported by a strong risk culture, aids business resilience. It can also help organizations identify and take advantage of the right strategic opportunities and ultimately gain competitive advantage. Continue reading →

Changing risk management for the changing global environment

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The strategic CRO needs to be at the forefront of understanding a rapidly changing environment to assess risks in an informed way and advocate for new opportunities. Continue reading →

Changing the face of the risk function….

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When some risk management teams are asked to weigh in on a business decision, they boil the question down to a matter of accept or reject. But in limiting their answers to a binary choice they’re missing a trick. Continue reading →

Risk heat maps: Moving from fear to danger to strategy

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In some situations, final frequency and severity scores may reflect the fears of the group, which can be unduly influenced by risks that are easier to imagine and/or that are currently topical. But what is needed to effectively guide organizations’ risk management activities is an assessment of underlying danger — rather than irrational fear. Continue reading →

How chief risk officers can make everyday enterprise risk management tasks strategic

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Chief risk officers have a unique, risk-focused perspective into the activities of their companies. By taking specific steps, they can promote this perspective to help achieve strategic goals. Continue reading →

Using the ERM framework to support capital management

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The strategic CRO can champion the idea that risk and capital are two sides of the same coin. Traditionally the risk and capital teams have often worked independently, but supporting one another enhances strategic, capital management and risk management decisions. Continue reading →

Finding the opportunity in enterprise risk management: What’s in a name?

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The strategic chief resource officer realizes that enterprise risk management is about breaking down the silo mentality and analyzes risk and opportunity together. Continue reading →