Navigating top risks in the insurance industry | Premium

Cyber threats, climate-related catastrophes, and disruptive technologies are among the top risks that continue to transform the U.S. insurance industry today. This article examines a few of these critical risks and describes how chief risk officers (CROs) at some of the nation’s largest insurance companies are tackling them head-on.

Nonfinancial risk management is “gaining traction,” said Erwann Michel-Kerjan, leader of McKinsey’s insurance and risk practices in North America.

“We are witnessing more boards expecting measurable progress across these topics to better protect the insurer and, ultimately, their shareholders and customers.”