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  "notes": "The chart is a 100% stacked bar chart representing priority levels from 1 (low) to 5 (high).",
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      "text": "CRO priorities regarding resilience are well aligned to the biggest challenges they face – three of the top six are related to external parties.",
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      "text": "Strong risk management fundamentals are the foundation for operational resilience. According to our survey, CROs are focused on strengthening those fundamentals. CRO priorities regarding resilience are well aligned to the biggest challenges they face – three of the top six are related to external parties. See figure 14.",
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      "text": "The impacts of ongoing transformation programs on the risk management agenda are worth noting here. During the last decade, many insurers have stopped building custom systems and replaced legacy systems, with their connectivity constraints and high maintenance costs. Instead, they've implemented a myriad of solutions from different suppliers. The legacy replacement effort was certainly necessary, but it has made insurers more reliant on third parties, with potential exposure to the vulnerabilities of more partners and vendors. Such third-party risks will remain a priority until the long (and expensive) journey to core system modernization concludes. And the tech-centric third-party exposures are analogous to those presented by more extensive ecosystem strategies.",
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      "text": "Figure 14. What level of priority would you assign to each of the following areas of operational resilience for enhancements over the next five years?",
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