Strategic Focus: Linking Risk Complexity To Digital Requirements

Executive Summary

This report delves into the evolving landscape of risk management, emphasizing the increasing significance of non-financial risks and the need for a broader risk perspective covering both financial and non-financial risk areas. It identifies existing practices that are no longer acceptable if a firm wants to retain its competitive advantage and underscores the significance of digitization in enhancing risk management efficiency. This report aims to support executives in understanding the stages of risk management digitization and adopting a structured approach as they mature through the digitization spectrum and navigate the challenging risk environment.