Aon report: Risk-preparedness level dropped in 2012

04/22/2013 | CanadianUnderwriter.ca

Organizations had reduced preparedness last year for the biggest risks they faced globally, according to an Aon Risk Solutions survey. Their readiness for economic, regulatory and other risks dropped to an average of 59% in 2012, down from 66% in 2011, the survey found. "One possible explanation of the decline in risk readiness could be that the prolonged economic recovery has strained organizations' resources, thus hampering the abilities to mitigate many of these risks," Stephen Cross of Aon Global Risk Consulting said in a statement.

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