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Volume 27, Issue 3

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January 20, 2014

Survey shows that cyber crime and terror risk are under-rated threats

Aon Global Risk Consulting has conducted research to understand more about organizations’ attitudes to the top threats they face in today’s ‘hyper connected’ world.

With a focus on analytics, Aon wanted to further explore some of the results of its biennial Global Risk Management Survey (GRMS) published in 2013, so it subsequently asked captive directors (executive and non-executive) for their opinions on the rankings of the top 50 risks identified.

Stephen Cross, Chairman, Aon Centre for Innovation and Analytics, said “We felt that the results from the GRMS 2013 had thrown up some anomalies. With our expertise in the captive space, we approached captive directors for their opinions on the rankings of various risks to give us a more holistic view. As a result, we believe there is a real debate to be had across the risk management industry on insurable versus uninsurable risk. Understanding risk has always been a fact of business life, but today, the magnitude, complexity and speed have increased exponentially. That is why business leaders are concerned with how they manage risk.”

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