The Value for insurers in better management of nonfinancial risk. Is 6 percent or more of your net income flying out the window?
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<subfield code="a">The Value for insurers in better management of nonfinancial risk. </subfield>
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<subfield code="a">Nonfinancial risk is more diffuse, affecting many aspects of the day-to-day operations of the insurer. Serious misconduct, execution risk, key personnel risk, fraud, failing IT systems, cyberattacks, data leakage, faulty model assumptions, reputational crises: insurance executives know the potential harm these risks can do to their organizations. What they may not know is that operational-risk incidents can cost firms 6 percent or more of their net income. In a sector with global revenue of $5 trillion, the values involved run into the tens of billions of dollars</subfield>
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<subfield code="g"> nº 9, november 2019, 6 p.</subfield>
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