Insurers face a number of current challenges, from market volatility to major regulatory initiatives, Accenture reports in its new study, “Risk Management for an Era of Greater Uncertainty.”
According to the report, which is based on a global survey of 446 executives in a variety of industries, including insurance, 91 percent of the 98 P&C and life insurers are either currently developing or planning to develop capabilities to manage emerging risks, and many are already using innovative processes and tools to address these risks.
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