Marsh surveyed the 200 or so finance executives who attended the CFO Innovation Asia Forum in Singapore in June and found that 69% are more optimistic about their company's business prospects in 2014 than they were last year.
But few are quantifying their risks -- just 29% actually measure their total cost of risk or economic cost of risk. This means that 71% are not quantifying or tracking their insurance premiums and retained losses on an annual basis, nor are they taking into account volatility premiums and analyzing the most effective use of their capital.
- The Outlook Is Bright
- The Risk Function Is Developing Across Asia
- CFOs Have Ultimate Responsibility for Risk Management
- But Very Few Are Quantifying Their Risk
- Enterprise Risk Management Is a Common Practice
- What Keeps CFOs Up at Night?