The slow pace of global economic recovery heads the list of risks facing international firms today and projecting into 2016, according to the latest Global Risk Management Survey conducted by Aon Risk Solutions.
The troubled economy was followed by regulatory/legislative changes and increasing competition as the leading risks facing international business.
According to the report: “Economy remains king. Following its third consecutive ranking as the number one risk, economic slowdown/slow recovery has been projected to be the top risk three years from now, despite the modest improvement in economic conditions in many parts of the world.”
Worryingly, those companies surveyed indicated that they were now less well prepared for dealing with the leading risks outlined by the survey than they were in 2011. This will undoubtedly present opportunities, but also challenges, for the re/insurance sector.
Aon Risk Solutions, global risk survey, financial crisis