CRO Forum paper on Casualty Accumulation Risk

The CRO forum has released a paper on Casualty Accumulation Risk, available under http://www.thecroforum.org/casualty-accumulation-risk/ (click “Download file”, then scroll to the bottom of the page). The report highlights the increasing interconnectivity and interdependency across the global supply chain, leading to new and unanticipated sources of casualty accumulations:

“The increased interconnectivity and interdependency of the world due to globalization, technology advances, regulatory changes and macro-economic factors heightens the challenges faced by the re/insurance industry in terms of detecting and managing accumulation potential within the casualty portfolio. As supply chains span countries and companies, and new technologies develop, the risk of casualty accumulation increases. Monitoring these developments is a priority for a Chief Risk Officer”