Risk managers face up to tech advances
From: Business Insurance, April 17, 2018
The acceleration of technological change in business is outpacing the risk management community’s response to the exposures and challenges created by that change, according to the Marsh L.L.C. Excellence in Risk Management report, released Monday.
There is, however, evidence that risk managers are learning and confident about supporting innovation within their organizations.
The report found, for instance, that 89% of respondents to the 2018 Excellence survey said risk management in their organization supports, promotes or acts as a “needed brake” on innovation. Only a few, 11%, believe risk management has no effect or slows, at 1%, innovation, and none saw it as a barrier.
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