Client risk concerns fall on deaf ears
Thirty-two percent of insurers and brokers have not established a formal risk management policy for their companies, according to a recent survey by accounting firm Moore Stephens.
This is in spite of the fact that most company boards said they spent 10% or more of their time discussing risk management, which suggests that the quality of their practices were questionable.
In the broking sector specifically, 35% of businesses had not identified a formal policy for managing risk. For those with
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