Experts warn on simplistic approach to vendor risk

Magnitude of exposures "very difficult" to size

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

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 individual account here