Global Risk Management Survey

With the distrssed global economy, it has become even more critical to understand and proactively address business risk at every level of the organisation. In a survey by AON, less than half of the respondents report tracking and managing their total cost of risk (TCOR). This indicates that risk management departments are shrinking.

Without adequate monitoring and measuring processes in place, TCOR will be difficult and sometimes impossible to manage effectively. Furthermore, reliance on senior management’s intuition and experience is still the most common way organisations identify risk. The dangers to risk identification relying on experience and intuition alone is a risk in itself.

Read AON’s 64 page report which captures the perspectives of the world’s leading risk professionals from leading organisations. Through all the findings, one theme remains consistent: The worldwide economic downturn has had an enormous impact on how organisations approach and manage risk.

Download AON’s 64 page global risk management survey