With the risk landscape changing rapidly across every area – from cybersecurity to natural disasters public health, staffing and business continuity – having a solid risk management strategy has become a vital part of running a business.
For the insurance space, encouraging good risk management from clients has become a primary goal, with many insurers and advisers preferring to actively manage risk rather than simply activate a policy after something goes wrong.
Speaking to Insurance Business, RiskNZ managing director David Turner said that the past two years have certainly heightened awareness of the importance of risk management, and more businesses are taking another look at their risk strategies and getting advice on where they need improvement.