Financial Services Ireland

Risk Transformation

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Risk management is not just about having the right amount of capital and meeting the regulatory requirements, it is far more fundamental than that. The insurance industry is in the midst of a revolution in how it identifies, measures and manages risk.

Organizations that identify, manage and respond to these risks well are positioned to grow and remain successful. Our understanding of the issues around risk — the risks you can see as well as the ones you can’t — inspire us to ask better questions. By working globally with organizations, we can create innovative answers that help enhance and accelerate business performance.

Transforming the way they manage risk requires business to challenge the way they think about, identify, manage, and, respond to it. Organizations need to look beyond manageable risks (financial, operational, regulatory), better align their risk and business objectives, improve coordination and alignment of risk activities across the organization, and more effectively leverage technology so that they can better respond to their different risks.

James Maher

Insurance, Sector Leader

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How I Help

INSIGHTS Operational Resilience and Cybersecurity: How prepared is your organisation against operational disruption? The recent cybersecurity attack in Ireland highlights the growing trend in destructive attacks we areRead more

Insights CBI Cross Industry Guidance on Operational Resilience – CP140 Operational resilience, the idea of a “bend, don’t break” strategy, has long been a focusRead more

SURVEY RESULTS Third Party Risk Management Survey Covid-19 is raising concerns about the resilience of enterprises globally. One potentially overlooked vulnerability isRead more

Report What is driving conduct risk onto board agendas? The effective management of conduct risk is a priority for both the central bank andRead more

Report Risk management is changing – Act now Risk management cannot operate as it is. Radical changes are needed to ensure efficiency andRead more

Briefing Getting in shape On 27 February 2014, the EY Financial Services Thought Gallery held a risk appetite statementsRead more

Briefing From Good to Great On Wednesday 9 October 2013, EY FS Thought Gallery hosted a breakfast briefing for riskRead more

Report Business Pulse New Business Pulse report: Exploring the dual perspectives of the top risks and opportunities inRead more

Thought Leadership Optimising and balancing corporate agility for insurers Linking formalised risk management activity with strategy continues to be a challenge for organisations inRead more

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Solvency IIPreparation for Solvency II has already involved significant effort on the part of insurers inRead more