Insurers, who are in the business of taking risk for a living, have a slightly different view of the top risks facing their organizations than risk professionals in other industries.
The ranking in the chart above is based on information in the 2013 Aon Global Risk Management Survey—a survey of 1,415 risk managers, CROs, CFOs, treasurers from all types of companies in 70 countries throughout the world. The survey asks the risk leaders to identify the top-10 risks to their companies.
The survey report reveals that insurance company risk officers were less concerned about some top-10 issues than their counterparts in other industries—ranking the economic slowdown third, for example, while putting regulatory risks in the top spot.
Looking ahead to 2016, insurers see the economy as the No. 1 risk three years from now, moving regulation down to second place. For 2016, insurers also lift political risk up to the No. 3, from a rank of No. 13 in 2013.
Risk managers across all industries have the same risk picks for the top-three in 2016 as they do for 2013.
For more information, see related article, Risk Readiness Declines Worldwide—Even For Insurers.