ARLINGTON, Va.--(BUSINESS WIRE)--Many more insurers across the globe now consider risk appetite and risk tolerance statements, the foundational elements of enterprise risk management (ERM), highly important to their company’s ultimate vision for their ERM program — a sizable 15-percentage-point increase compared to 2012 (76% versus 61%). Only risk culture (78%) ranked higher in importance. Yet insurers also recognize they have work to do around their risk appetite and risk tolerance statements.
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