Strategic Risk consults risk managers

Risk management has been taken increasingly seriously in UK boardrooms, according to a pioneering study by Insurance Times’ sister title Strategic Risk of 150 risk managers at major companies.

In the study, 34% of UK risk managers said that risk management – as distinct from risk financing – was a high priority for their board, while 53% said it got due attention. Only 13% said risk management got only marginal or no attention from their board.

Asked which issues were of most concern to them, risk managers prioritised claims handling, followed by the extent of cover and, thirdly, insurers’ service in general.

Conducted jointly with Airmic, headline results will be released at next week’s Airmic conference in Edinburgh.

For information on the full report, Today’s European Risk Manager, please contact head of research Peter Joy on 0207-618-3481 or