'Adopt banks' RM'

Insurance firms need to get a better handle on the way risk ismanaged within their businesses, according to a report by KPMG.

The professional services firm believes that insurers have not kept pacewith banks, which have been building increasing sophistication into theirrisk management (RM) methodologies, and that the time has come for them toimport banking best practice.

Its recent survey of 75 senior European insurance executives found thatmost felt change was needed, with risk management

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