Insurance carriers are masters of risk management; that's their business. But while being adept at measuring the risks associated with customers and potential customers, how many apply risk management principles to internal IT operations?  This may be an overlooked area.

The IBM Institute for Business Value just released a study of 550 IT executives from across the globe which finds information technology – which everyone depends on for every aspect of their business – still has some uncertainties. The most significant issues with lack of IT risk management practices include business continuity, information security and corporate reputation.

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