How chief risk officers can make everyday enterprise risk management tasks strategic

Published: Tuesday, 05 March 2019 13:14

A survey by Willis Towers Watson has looked at the enterprise risk management activities of North America based chief risk officers and considered how strategic these are.

42 North American chief risk officers (CROs) in insurance companies (mostly non-life) responded to a question about the activities that make up their year.  Willis Towers Watson asked them about 34 activities, some of which are highly strategic, but many less so. 

There are nine enterprise risk management (ERM) activities that at least nine-in-ten of the North American chief risk officers (CROs) surveyed said that they perform in one way or another over the course of a year. None of these activities is necessarily strategic, but a strategic CRO can put a strategic spin on any of them, says Willis Towers Watson.

The nine activities are:

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