The risk landscape is changing faster than ever. Insurers are at the forefront of helping their policyholders manage risk. It is critical that insurers adapt and evolve their own approach to managing risk in an increasingly interconnected, fast moving, and volatile world. Actuaries are at the forefront of helping manage these risks, and often CRO level or other senior risk roles are held by actuaries. This presentation summarises key findings from LCP’s recent ‘risk function of the future’ report, published in January. It focuses on: current risks facing the market risks that will drive change over the next 10 years strengths and weaknesses in current risk teams blueprint for the risk function of the future The presentation is based on research including discussions with over 50 CROs, senior risk managers, and board members. They are from insurers across the London Market, the UK personal and commercial lines market, and international markets.

Speaker: Edward Harrison

Chair: Alice Boreman