THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 11
Economic uncertainty has placed even greater pressure on organizations
to continuously reduce costs within all their departments. The risk and
insurance manager needs to be able to show that risk transfer costs are
optimized, work out the most cost-effective risk retention strategy and
determine where effort should be focused to reduce and mitigate the risks
that can generate the highest returns.
ECONOMIC SLOWDOWN/SLOW RECOVERY
15.2%
18.8%
14.7%
27.9%
17.3%
6.1%
3.9%
50%
50%
18.4%
27.8%
33.3%
11.1%
16.7%
7.9%
5.6%
16.6%
19.6%
17.9%
26.4%
33.3%
66.79%
18.4%
26.3%
25%
14.2%
14.2%
5.4%
North America
Middle East & Africa
Latin America
Europe
Asia-Pacific
All
0–1 Year 1–3 Years 3–5 Years 5–10 Years 10–20 Years 20+ Years
Number of Years Organizations
Have Used Risk Technology –
Regional Perspective
