Risk Controlling Insurance
For insurers, risk controlling has also become a central function in asset allocation. The primary goal of risk controlling is to continuously assess and evaluate all portfolio-related risks and, in cases of deviance, to instigate counteractive measures. Additionally, risks must be assessed in relation to the insurer's obligations.
Risk Controllers communicate with regulatory bodies within the legal framework (investment, insurance and assets laws and regulations etc.). The quantification of risk, as monitored by Risk Controlling, is defined by the insurer’s strategies, its financial strength, the treatment of high-risk assets and existing laws and regulations.
We advise our clients on establishing, developing and improving risk control processes. In many cases, insurers prioritise the implementation of appropriate risk control tools, in addition to centralising and modifying workflows in relation to specific organisational objectives and risk tolerance.
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