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.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio