US insurers turning to GRC systems

A governing principle?

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Operational risk heads at US insurers are increasingly turning their attention to governance, risk and compliance (GRC) systems. At the insurers that already have them in place, the phones are ringing regularly as their peers seek advice. Kay Rahardjo, chief operational risk officer at US insurer The Hartford, has frequent conversations with her counterparts at other companies about The Hartford's GRC platform, and comments: "That really seems to be a fertile area."

The reasons for this momentum

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