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The role of the CRO is to manage and define the overall medium- to long-term risk strategy for the insurance company. (Photo: iStock)

The role of insurance is to bring some predictability, manageability and stability to a chaotic and uncertain world. In essence, it is a risk mitigation tool.

Despite this fact, the role of the chief risk officer (CRO) has often been neglected by insurance companies. But this is changing. 

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