Corporations Report New Emphasis on Risk Management
In the wake of the financial crisis, businesses have had to reinvent the way they look at risk.
For proof, take a look at the results from a new survey from the Society of Actuaries (SOA) and its partners. In the study, 90 percent of the business experts polled said they have implemented, or plan to implement, an enterprise-wide risk management approach.
In addition, 70 percent of respondents reported that their organization has, or is planning to have, a Chief Risk Officer (CRO), and most (62 percent) say their companies have also shown an increased emphasis on risk modeling.
More than 450 professionals in the insurance, consulting, management, and financial service industries participated in the survey, and when asked to rank risk management issues for the new year, they came up with this list (in order of importance): (more…)
