Airmic survey says more companies concerned about risk
The Association of Insurance and Risk Managers (Airmic) said that 59% of its 450 corporate members said that their level of interest in enterprise risk management had increased over the past two years, the FT reported on Saturday.
The FT also said recruitment agencies are expecting a rise in demand for risk managers, with one, GRS, predicting that half of financial services companies will have a risk professional on the board by the end of the year compared with only 12% last July.
John Hurrell, Airmic chief executive, told the FT that companies “are reinvigorating their risk management programmes and making sure they’re robust enough to survive the recession and also eliminate surprises. The level of vulnerability of a lot of industry is far greater in relative terms than it might have been two years ago.“
Steve Fowler, chief executive of the Institute of Risk Management, said local authorities were also looking more seriously at risk management.
He said: “The public sector is at last beginning to discover this message and you’re starting to see much higher-level risk management positions being created”.
