Sixty percent of insurers make risk management part of their decision-making process, according to a worldwide survey.
The findings were contained in a study by the Stamford, Conn.-based Tillinghast business of Towers Perrin, making their fourth biennial survey of risk and capital management practices among insurers.
The 2006 report, released yesterday, focuses on a number of issues including risk measurement, quantification competencies, how companies calculate and use economic capital risk reporting, and areas where the global insurance community is seeking to improve their risk management capabilities.
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