Experts warn on simplistic approach to vendor risk

Magnitude of exposures "very difficult" to size

shu-135343424-safety-first-sign
Insurance firms can outsource activity but not responsibility

Today's business environment encourages insurers to use third parties to provide products, systems and services. Globalisation, increasing specialisation, complexity of products and processes, a focus on core skills, as well as competitive pressure and the need to reduce costs all drive insurers to look to outside suppliers. But while third parties can solve many problems, they bring their own risks. This fact has not escaped the regulators, and current rules make it clear that, while firms can

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: