Insurers Increasing Reliance On Risk Management To Combat Emerging Risks And Digital Disruption

Persistent low growth combined with low interest rates are constricting the traditional sources of revenue for the insurance industry, creating an urgent need to seek out new sources of revenue and accelerate innovation.The industry is threatened by disintermediation and needs new, digital business models that leverage existing brands and customer relationships. The risk management function will need to continue to play a bigger role in the organization to overcome these challenges successfully.