Brace yourself

While businesses have become more vigilant in preparing for the worst, insurers must make certain they provide suitable risk management. Liz McMahon explores how brokers are getting in on the act

The psychology behind how we manage risk is changing. Ten years ago the process was far more reactive: companies tended to learn from their mistakes and for some that unfortunately meant a few harsh economic lessons. Over the past decade, risk management has undoubtedly been affected by advancements in legislation and technology and maybe it is a sign of the times but it seems the industry has gradually started to adopt a more pre-emptive approach.

In these tentative and cautious times