For insurance leaders, the full impact of the Covid-19 pandemic will unfold over the coming months, but the rapid evolution of the crisis is forcing organisations to constantly evaluate how they are responding today.
Business decisions driven by the current situation will create new and unexpected demands on operational risk management.
Faced with various challenges, insurers need a more comprehensive yet customisable approach to assess operational risk quickly and in a dynamic manner and chart responses to Covid-19.
Designed for insurance leaders, this content highlights the benefits of using an adaptive risk assessment framework and how insurers can undertake a three-step approach to:
• Better understand the impact of the coronavirus on their operations.
• Identify high impact and high priority areas.
• Assess new and increased risks.
• Develop actions to address business critical priorities.