Airmic 2013: ACE launches corporate risk survey

ACE Group is conducting a survey of delegates at this week’s Airmic conference in Brighton to gather views on emerging risks and the priority they are given on the corporate risk agenda.

The survey covers a range of issues including directors’ and officers’ liability; cyber and data privacy risk; environmental liability and political violence and terrorism.

Respondents will give their views on whether they believe directors and officers are more likely to be sued today than two years ago, and how sensitive businesses are to rising overseas exposures.

ACE Europe head of client management Jeff Carr said: “Our research at Airmic will provide a useful snapshot of UK risk managers’ views and will provide an interesting contrast to the findings of our 2013 European research to be released later in the year.”

In the cyber area, ACE will seek to understand whether risk managers perceive the threat as primarily external (from hackers) or internal, from employees who may be careless with data or devices.

ACE will also seek to ascertain how concerned businesses are about environmental risks and whether terrorism and political violence have moved up the risk agenda.

The insurer ran a similar survey in Europe last year. Carr said: “Our research with European risk managers and CFOs in 2012 established some clear rankings in terms of companies’ risk perceptions and identified a number of areas where there were gaps in cover.”