6 Risk Management Realities for Insurers
Insurers Find Legal Issues Most Risky
Accenture released its 2013 Global Risk Management study this week, speaking to more than 500 executives in a number of industries, including insurance. The company broke out some insurance-specific findings in an infographic, parts of which are reproduced here.
Legal issues were identified by insurance chief risk officers as the most concerning, and the alphabet soup of pending regulations on the insurance industry was cited as well.
Insurers also face "unprecedented non-financial risk trends," according to Accenture, as well, including a rising amount of natural disasters.