Risk managers need board level support, claims survey

UK corporations remain overly reliant on insurance as a catch-all solution and are failing to take risk seriously as a board issue by delegating responsibility downwards. These are among the key initial findings of a three-year study being undertaken by Cass Business School on behalf of the Association of Insurance and Risk Managers.

Early evidence reveals an apparent mismatch in many organisations between exposures and the risk management and insurance strategies devised to meet them — with 50% of risk manager respondents