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      "text": "Given the amount of technology-driven change and recent advancements, which can put much more power in the hands of risk managers, this is no surprise.",
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      "text": "Figure 13. How would you characterize the maturity of your organization's risk technology strategy and capabilities?",
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      "text": "Figure 12. What are the organization's top priorities related to enhancing the control environment?",
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      "text": "Percentage of respondents: 46%",
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      "text": "Given the amount of technology-driven change and recent advancements, which can put much more power in the hands of risk managers (e.g., the use of advanced analytics to gain increased visibility into risk exposures), this is no surprise. That no respondents said their organizations have reached an advanced level of maturity is somewhat surprising. It's notable that a comparable number of respondents said their firms have established strategies and capabilities for risk technology (17%) and are in the early stages of development (14%). Similarly, the shifting proportions of carriers currently in the maturing (41%) and developing (29%) stages of forming their technology risk strategies and capabilities will be worth watching in future surveys.",
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      "text": "The vast majority of our survey respondents recognize the need for mature risk technology strategies and capabilities. See figure 13. Most firms are either in the \"maturing\" or \"developing\" phase, with investments designed to pay off on two fronts - efficiency and effectiveness.",
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      "text": "Many current enhancements are related to controls, the heart of effective risk management. See figure 12. These efforts tend to strengthen core risk management capabilities, while also boosting efficiency and reducing costs.",
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      "text": "Advancing toward the tech-driven future of risk management",
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