Risk appetite and tolerance statements move up insurers' ERM agendas
Risk appetite and risk tolerance statements have become more important to more insurers in relation to their enterprise risk management programmes with the latest Towers Watson research reporting a 15 percentage point increase compared to its 2012 survey (2015: 76%).
Only risk culture ranked higher in importance (78%), according to Towers Watson's Eighth Biennial Global Enterprise Risk Management Survey.
More than half (57%) of the 398 respondents expected to make
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