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The insurance CRO agenda - Risk.net


Risk.net
The insurance CRO agenda
Today’s insurers face a perfect storm in maintaining financial and operational resilience post-Covid, easing pressure on the balance sheet in a low interest rate environment, and managing the uncertainty of a growing roster of financial and non-financial risks. Here our expert panel shares its views on climate change, cyber risk, digitalisation and compliance, and key regulatory developments, offering a compelling insight on the challenges and priorities shaping the insurance chief risk officer (CRO) agenda.
The Panel
Christophe Burckbuchler, Managing Director, Moody’s Analytics
Sid Medappa, Chief Risk Officer, Zurich Insurance plc
Nick Silitch, Chief Risk Officer, Prudential Financial ....

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Royal Bank of Canada Reports First Quarter 2021 Results


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TORONTO, Feb. 24, 2021 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $3,847 million for the quarter ended January 31, 2021, up $338 million or 10% from the prior year, with strong diluted EPS growth of 11% over the same period. Results across our businesses benefited from strong volume growth, increased client activity and constructive markets, partially offset by the impact of low interest rates and higher expenses largely due to variable and stock-based compensation commensurate with strong results. Record earnings in Capital Markets as well as positive earnings growth in Personal & Commercial Banking, Wealth Management and Insurance were partly offset by lower results in Investor & Treasury Services. ....

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