A recent survey by EY and the Institute of International Finance, a Starling Insights partner organization, revealed that insurance Chief Risk Officers in the Asia-Pacific region see conduct risks as their top challenge.
The survey found that 54% of APAC CROs viewed conduct risk as the biggest threat in the next year, substantially more than the global average of 19%. Cybersecurity and adapting to changing business models also emerged as significant concerns, tied at 46% among respondents. Other prominent threats identified by the CROs were capital allocation, credit risk, geopolitical uncertainty, and environmental risks.
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