HONOLULU--A large number of risk managers view terrorism as a looming threat, but not to their own companies, according to an industry survey.

The survey, titled "Excellence in Risk Management III, The State of Risk Management," conducted by Marsh, polled 866 members of the Risk & Insurance Management Society from midsize to large organizations, from December 2005 to January 2006.

Christopher A. Duncan, managing director with Marsh USA in Atlanta, told National Underwriter that the survey found more organizations are embracing strategic risk management--which focuses more on the management aspects of risk management than the more traditional risk financing and insurance aspects.

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