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  "documentTitle": "Risk management in transformation",
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      "text": "Engaged as they are in transformation efforts, CROs should ask whether the business considers strategic risk in keeping up with the highly dynamic market.",
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      "text": "The varying transformation agendas in insurance are yet another reflection of CROs' multifaceted jobs. See figure 24. They must be informed about a wide range of issues – from transformative technologies and digital operations to shifting customer preferences (e.g., for more personalization) to capital management and investment strategies.",
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      "text": "Engaged as they are in transformation efforts, CROs should ask whether the business considers strategic risk in keeping up with the highly dynamic market. The range of risks is daunting, but insufficient innovation and the resulting lack of growth may be the biggest threat to most insurers.",
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      "text": "We might be too risk averse as it relates to innovation. Do we have enough of a pipeline? Are we willing enough to fail and learn, vs. trying to avoid risk? As risk managers, we have to be more willing to embrace the risk vs. just saying no.",
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      "text": "We might be too risk averse as it relates to innovation. Do we have enough of a pipeline? Are we willing enough to fail and learn, vs. trying to avoid risk? As risk managers, we have to be more willing to embrace the risk vs. just saying no. — CROs on transformation and growth",
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      "text": "Figure 24. What are the top ways in which your organization has adapted its business model to the changing landscape of insurance?",
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