May 25th, 2011

Marsh and RIMS Survey: Excellence in Risk Management VIII

Posted at 1:00 AM ET

According to Excellence in Risk Management VIII: Greater Expectations, Greater Opportunities, a new survey conducted by Marsh and the Risk and Insurance Management Society (RIMS), executives in the C-suite expect risk managers to step up and take a more active role in integrating enterprise-wide risk management with their organizations’ broader strategic goals.

An overwhelming majority of risk managers and C-suite executives agree that, during the three years of the financial crisis, expectations of the risk management function have grown, according to the survey.

Of the survey’s more than 1,000 respondents, 80 percent said senior leadership’s expectations of their organization’s risk management departments have grown over the past three years.

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