Risk managers and C-level executives differ in their outlook on risks associated with international expansion, with 43 percent of C-level execs noting that international risks pose a greater threat to their companies than domestic exposures, compared with only 16 percent of risk managers, according to the 2007 Chubb International Risk Survey.
C-level executives–senior managers responsible for a particular activity, who report to top management–and risk managers differed in the types of risks they are most concerned about when it comes to the company's multinational exposures, the survey found.
Twenty-four percent of risk managers cited natural catastrophes–such as hurricanes and earthquakes–as the top threat posed by a company's overseas business operations or the business it conducts abroad, while 24 percent of C-level executives found terrorism to be the top threat.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
