The top 3 issues keeping risk managers awake at night

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Interest rates, volatile currency markets and changing regulation are the top three issues on the minds of risk managers.

These are the results of the Risk Frontiers Survey 2012 produced by Commercial Risk Europe.

Other issues that are top of mind include political risks and the challenges of growing in new markets.

“It is the ‘big’ business issues that are keeping board members across Europe awake at night,” said Jason Harris, international property and casualty insurance CEO of survey sponsor XL Group.

“In a world of ever increasing complexity, companies face a host of fast changing risks. The uncertainty they present means that risk and insurance managers are now being included in discussions that, in the past, they may have been excluded from and they are expected to find solutions.

“Recent, high profile enterprise risk management challenges have pushed the issue of risk to the top of the boardroom agenda. Big strategic decisions are being made at all levels and it is clear that the risk management and insurance community has a role to play if we are to help ensure that the right decisions are made at the right time.

“This is a real opportunity for risk managers and insurance professionals to demonstrate the value and expertise they can bring to the table and ultimately justify their position and the role of the risk industry in the boardroom.”

Click here to see the survey results in full.

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