For the risk management/insurance industry, the current decade has been dynamic in terms of both risk evolution and the emergence of new risks. Within this rapidly-evolving risk terrain, a corporation’s risk and insurance management efforts should be considered far more than operational activity. In order to effectively safeguard the corporation, it is critical that risk and insurance management be supported at the executive level as a strategic effort that merits ongoing investment. Unfortunately, within so many companies the complexity and administrative aspects of day-to-day risk management operations limit time for strategic thinking. Thus, the need of the hour is to optimise and prioritise the risk- and insurance-management function by leveraging professional services that can streamline more operational activities.
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