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Insurance Risk North America: CROs must avoid conservative culture

Regulatory mindset 'creates no value' for US insurers

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Chief risk officers (CROs) must ensure their organisations do not develop a conservative risk culture like their regulators, delegates at Insurance Risk North America in New York heard.

Steven Verney, executive vice-president and chief risk officer at Allstate, said regulators have a conservative mindset when it comes to supervising insurers and the CRO must ensure their organisations do not adopt

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