Every two years, Aon commissions a survey of the UK’s top 1,000 public and private sector organisations on their risk management and financing strategies.  Our 2005 survey analyses the responses from risk managers, insurance managers, finance directors and company secretaries in response to our questionnaire.

The survey, carried out independently by Consensus Research International, an independent market research company, reveals key findings in the following areas:

• Dominant risk issues
• Risk management resources
• Insurance markets
• Risk retention strategies and captives
• Outsourcing

The report explains how risk management has come of age.  Legislation, regulation, corporate governance, the Combined Code and most recently the Operating and Financial Review Regulations are largely responsible for forcing risk management up the board’s agenda and ensuring that it permeates the entire organisation.

Good risk management is vital to companies of all sizes. Many of the greatest threats to business are uninsurable, or partially insurable at a cost. Because of this, a major incident will inevitably put the ability and agility of senior management to the test. No company can underestimate the importance of sound risk management.

 

Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.