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Accenture 2015 North American Insurance Risk Management Study Infographic

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2015 North American Insurance Risk Management Study asked U.S. and Canadian CROs how they are positioning risk within their enterprises and what issues and trends they are facing.

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Accenture 2015 North American Insurance Risk Management Study Infographic

  1. 1. © 2015 Accenture. All rights reserved. *Accenture 2015 Global Risk Management Study – North American Insurance respondents **Accenture 2015 Global Risk Management Study – Insurance respondents For more information, please visit: www.accenture.com/riskstudy2015 of NA insurance respondents have greater risk appetite for new alliances and partnerships (34% for all surveyed insurers**). are more open to new product development risks. Growing risk appetite of NA insurance respondents say the CRO is a strategic planning decision maker. say the risk function finds it challenging to gain the trust of the business to advise on operations. Decision influencers of NA insurers have a greater risk appetite for digital initiatives (39% for all surveyed insurers**). agree that digital presents a major source of new risks. Approach to digital of NA insurance respondents say the CRO has very frequent interaction with the CFO. think digital is an opportunity to present the risk function as a business partner. Stronger partnerships of NA insurers say the CRO is a key decision maker in major digital initiatives (26% for all surveyed insurers**). say they have knowledge and understanding of digital technologies. Enabling digital transformation of NA insurance respondents are still at the early stages of using data in day-to-day operations. say risk analytics is applied organization-wide. Data and analytics say social media expertise is the most in demand skill. say insight from risk analytics is not yet available to support key business questions. 60% 42% 88% 72% 38% 74% 22% 86% 38% 93% 34% 76% 10% 40% North American (NA) insurance respondents to the Accenture 2015 Global Risk Management Study* show: Risk management in the North American insurance sector

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