Insurance ERM maturity assessment thought leadership report.
ERM maturity in an organisation is key in determining whether it will remain resilient in the face of changing business environment as a result of emerging risks and market trends.
KPMG approached a number of insurance companies with the aim of assessing the maturity levels of their Enterprise Risk Management programs. This entailed assessing how these insurers are balancing risks and opportunities against the KPMG Maturity Continuum Index that focuses on 5 key components of a risk management program, i.e. Risk Governance, Risk Assessment, Risk Monitoring and Reporting, Risk Quantification and Aggregation, Risk and Control Optimisation.
Summary of findings
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