Risk Management – an Increasing Concern for CFOS in Southeast Asia

In a recent Marsh survey conducted with CFOs, nearly three quarters of respondents indicated that the risk management and insurance function reports to them in their organization. Yet less than a third of CFOs surveyed quantify or measure their total cost of risk (TCOR) or economic cost of risk (ECOR).

As a CFO, how do you know if you are overspending, underspending, or spending in the right areas for your corporate insurance program?

Risk is a boardroom issue. Organizations face an unprecedented risk environment today, as traditional risks such as business interruption, supply chain disruption, and talent shortage are compounded with emerging risks such as cyber security and data privacy. To continue growing, CFOs across Southeast Asia need to take a closer look at their risk management and insurance program, and consider taking a more disciplined approach to quantifying their cost of risk.

Marsh can help you and your risk management team take an analytical and data-driven approach to make informed risk management and insurance decisions.