Model falls short
Where does the “three lines of defense” model fall short in the evolving world?
Not surprisingly, the three lines of defense model focuses on defense. Its description of roles and responsibilities accords well with an implicit assumption that the task at hand is to keep risks under control. Less clear is who’s responsible for… (iStock)
1. Searching out and assessing new emerging risks and opportunities; (iStock)
2. Identifying disruptive technologies and other existential threats to the business model; and… (iStock)
3. Assessing these impacts on the enterprise and the potential strategies that insurers could use in anticipation of them. (iStock)
Any…
