{
  "docId": "019dd923-5ca1-7489-b637-190789f4a77e",
  "docSlug": "8dedcf112b1c158c",
  "documentTitle": "Risk management in transformation",
  "authorId": "EY",
  "authorName": "EY",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 2,
  "pageCount": 42,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "cover",
  "function": "front_matter",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "photo",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b637-190789f4a77e/2",
  "deckHref": "/decks/019dd923-5ca1-7489-b637-190789f4a77e",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b637-190789f4a77e.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b637-190789f4a77e#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.43,
        "w": 0.31,
        "x": 0.02,
        "y": 0.274
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "200aaf77-42d5-41e2-b88d-8c98216f5166",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.16,
        "x": 0.71,
        "y": 0.63
      },
      "kind": "list",
      "text": "Stuart Doyle, Risk Principal, Ernst & Young LLP\nMary Frances Monroe, Director, Insurance Regulation & Policy, IIF",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7c04692e-a90f-47b0-b69d-47c776c5111b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.16,
        "x": 0.71,
        "y": 0.53
      },
      "kind": "paragraph",
      "text": "We would be delighted to hear your perspectives on our findings, as well as the unique risk management challenges and opportunities at your firm. Feel free to reach out to either of us or any of the contacts listed at the end of this document.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "019ca34f-e123-49c9-82c0-a100e00c7adc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.16,
        "x": 0.71,
        "y": 0.44
      },
      "kind": "paragraph",
      "text": "We are extremely grateful to all the risk leaders who took the time to complete the survey. In helping to inform our recommendations, your contributions will benefit your colleagues and peers around the industry.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "356f6787-ef53-4790-9979-1cd4441bca85",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.16,
        "x": 0.52,
        "y": 0.44
      },
      "kind": "paragraph",
      "text": "The quantitative results from the survey, as well as qualitative observations and individual perspectives from participating CROs, paint a detailed – and deeply insightful – picture of a risk landscape that is changing constantly. Insurers face proliferating and interconnecting risks that transcend traditional risk management categories, with long-standing issues now intersecting with new threats whose potential severity would have been unthinkable a few years ago.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3ae82b7e-8bbc-4b4b-9b8c-81ebf4d5f95d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.16,
        "x": 0.33,
        "y": 0.27
      },
      "kind": "paragraph",
      "text": "We are pleased to share this report on the inaugural EY and Institute of International Finance (IIF) survey of chief risk officers (CROs) in the insurance industry. The following pages highlight the most urgent issues facing their organizations today and in the coming years.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8412e1df-c996-4855-b425-a202ee4c48aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.16,
        "x": 0.71,
        "y": 0.27
      },
      "kind": "paragraph",
      "text": "After conducting research among banking CROs for more than a dozen years, this is our first survey of insurance CROs. Our respondents come from the world's largest carriers to leading national and regional insurers to smaller, specialty firms. The results serve as a useful baseline for understanding today's industry standards and identifying emerging leading practices. Our goal for the future is to provide updated insights year on year, with points of comparison as the industry landscape and risk management discipline evolve in tandem.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d823e7ba-1fd8-4275-84ca-4308f6ef1625",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.16,
        "x": 0.52,
        "y": 0.27
      },
      "kind": "paragraph",
      "text": "In turbulent markets such as today's, the role of risk has never been more important in helping insurers fulfill their vital purpose and achieve financial and performance objectives. CROs are particularly well equipped and positioned to support that broader purpose of providing the protections that individuals, businesses and society as a whole need to thrive.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d8ff4ae5-3629-4f23-a7ff-e5821eea41cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.16,
        "w": 0.48,
        "x": 0.02,
        "y": 0.04
      },
      "kind": "title",
      "text": "WELCOME",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e7e70285-d86c-4e4a-a6ef-7dc623b4fc29",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 4,
      "from": 1,
      "beatId": "a856cd18-5aef-4d58-83c6-1c716c432a50",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "The deck sets the stage with an executive summary and industry trends.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}