Many insurers find it necessary to deploy risk management systems in realms like corporate decision-making and operations, according to the 2013 Global Risk Management study by Accenture. The chief risk officers of insurance firms were found to be perceiving legal issues as the most serious areas of risk.
However, most insurers cited inadequate IT architecture as a drag. Other areas considered for managing risks was reputation. Learn all the intriguing findings of the survey in this article published by Insurance & Technology.