Title: The Value for insurers in better management of nonfinancial risk. Is 6 percent or more of your net income flying out the window? / Kevin Buehler [et at.]
Notes: Sumario: 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
Related records: En: Review McKinsey on risk. - nº 9, november 2019, 6 p.
Other categories: 7