By Iain Maclugash, Associate and Actuary and Julien Masselot, Principal and Head of Capital and Risk from Barnett Waddingham
We draw on our experience and insights from working with Insurance CROs to empower others, helping you maximise the power of your Risk function and build the capabilities required of the role. In part two, we explore the types of skills and behaviours a great CRO needs to take on this role.
In our last article, we identified the challenges facing CROs across the insurance industry. But how do great CROs deal with these?
In order to understand these challenges better and gain insight into what makes a great CRO, we reached out to colleagues across the insurance industry, conducting surveys and interviews with CROs.
In analysing the results, it became evident that there isn’t a one-size-fits-all approach to the CRO role. Nevertheless, recurring themes highlighted the importance of possessing the right competencies and resources. In this article, we’ll look at two of the themes, ‘Expertise’ and ‘Behaviours’, before covering ‘Tools’ and ‘Support’ in part three.
Expertise
One of the first questions we were keen to ask CROs…
