Asian CROs worry most about operational resilience
Source: Asia Insurance Review | Apr 2024
A new survey has found that Asian risk officers are more concerned about internal disruptions than about the forever threats of cyber and climate risks.
The new survey conducted by consultancy firm Ernst & Young and Institute of International Finance reveals that things that keep the chief risk officers up at night in the Asia Pacific region are slightly different than those in other parts of the world.
Almost two-thirds of Asian regional CROs can’t sleep well because of the possibility of internal disruption or operational resilience while it only bothers significantly less than 40% of those farther afield in other parts of the world.
The second concern was cyber security, with more than half rating that as the most important risk, followed by liquidity risk (45%), environmental risk (36%) and regulation implementation (36%).
Globally, however, cyber security is what prompts insomnia in almost three-quarters of all CROs, followed by regulation (36%), operational resilience (33%), liquidity (33%) and risk appetite (32%). A