Risk Management: Making it Work for Your Business
Solvency II has led to a significant increase in the focus and spend on risk and capital management in the insurance sector. However concerns continue to be raised as to whether this cost has, as yet, been justified by the value being generated. The challenge is to improve the effectiveness and efficiency of risk management and to turn risk management theory into tangible business results. This will require a change of mind-set and approach as Solvency II becomes business as usual.