There was an increase in both risk velocity and risk complexity over the first half of 2022.
By digging into what the market is seeing for our mid-year outlook, we saw these two trends affecting risk practitioners in several ways:
- Less time to prepare
- Harder to predict events and stay ahead of impacts
- Siloed approaches become less effective
- Old frameworks/strategies may be less effective in this environment
- The insurance market may struggle with this dynamic environment
In our State of Risk: 2022 Mid-Year Outlook report, we go deeper into these trends and how they are impacting the life of risk managers and insurance professionals. For ways to help risk practitioners create manageable ways to make meaningful progress in helping organizations adapt to the “next normal”, download the report today.