New approaches to risk management in the twenty-first century: Four big areas

Busy management teams are struggling to keep pace with a range of new and emerging risks that pose significant threats to their business. This is the key finding from a major piece of research undertaken by ACE European Group surveying 650 risk managers and senior executives across a range of industries and based in 15 countries in Europe, the Middle East and North Africa.

If the insurance industry is to meet expectations of risk managers and senior executives it will need to make a shift from ‘product' to a ‘service' mentality, and clients will need to shift from a transactional to a strategic approach to their insurance partnerships.

This report assesses the biggest emerging insurance risks including:

- Supply chain/infrastructure.

- Environmental.

- Cyber.

- D&O liability.