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In the recent past, being ‘in control’ meant trying not to deviate from the long-term strategy. But this approach is no longer appropriate in an increasingly dynamic insurance market. Organisations must be extremely resilient in order to quickly and effectively respond to their surroundings. A dynamic risk strategy and internal control can help to create a competitive advantage.
In practice, we have noticed that many organisations regularly use overlapping and out-dated audits in their internal control framework. The overall set-up could thus be more efficient, as could reports sent to management and other stakeholders. In addition, it is important to encourage people to deal with risks in an appropriate manner. Is your organisation sufficiently in control?
We will assist you with ideas about how these three areas of attention can be implemented into your organisation: culture and behaviour, integral risk management and technology. When these three themes are implemented effectively, one creates an agile organisation capable for dealing with its dynamic surroundings (link future of insurance). This offers a degree of certainty about meeting your organisation objectives.
'Organizations which are effectively in control, are focusing on culture and behavior, integral risk management and technology'