Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Does your company or organization need a chief risk officer? Some companies have taken the role of risk manager to another level. Think of the risk management job on steroids and you have a chief risk officer. (Think of an athlete on steroids and you have a major league baseball player.) CROs are executive level positions akin to chief financial officers or chief operating officers.

Why might organizations create CRO positions? They might add the CRO slot to their organizational charts for various reasons. Establishing a CRO position offers a better chance of thinking strategically about risk, not just insurance risk, but other challenges, as well. This includes currency risk with foreign exchange rate fluctuations, climate changes and their implications, brand identity, and preservation of intellectual property rights.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.