Lloyd's Risk Index: Are businesses really better prepared?
Posted by Neil Smith | Emerging Risk on Wednesday 07 December 2011, 10:49AM Share
Lloyd’s has unveiled its second Risk Index, revealing what business leaders around the world see as the biggest risks facing their future and reflecting how well prepared they feel to tackle them.
In a world still firmly gripped by recessionary pressures and still in the long shadow of the global financial crisis, business and economic risks top the list for global executives.
Two years on from the height of the credit crunch, business leaders across all regions and sectors now perceive the world as a fundamentally riskier place than they did in 2009 when we asked the Economist Intelligence Unit to run our first survey.
The Risk Index is based on a global survey of over 500 top business leaders’ risk priorities and corresponding preparedness. For those of us in the business of identifying, tracking and analysing risks it makes very interesting reading. In a year of unprecedented multiple huge natural catastrophes – from the earthquake and tsunami in Japan to the tornadoes across the US and floods in Australia – it is surprising to see all the natural hazard risks appear in the Index’s bottom ten.
Even more eyebrow raising is the fact that executives around the world say they actually feel better prepared to respond to risks, both natural and man-made, than they did in 2009. Is this really the case and are businesses genuinely better prepared?
Clearly business leaders will have heightened awareness of the different risks facing their companies, but given the way events, both in terms of natural hazards and political and economic developments, have unfolded in 2011, are we confident that we are really better prepared to meet today’s fast-changing, complex and globally-linked risk landscape?
Lloyd's Risk Index
Comments
No comments
