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C-suite executives expect risk managers to better explain risks and solutions and become more involved and integrated in daily activities, according to a recent survey.

The survey, “Excellence In Risk Management VIII: Greater Expectations, Greater Opportunities,” released by Marsh at the Risk and Insurance Management Society’s annual conference here, finds that an overwhelming number of risk managers say senior management’s expectation of their department has grown over the past three years.

“The C-suite expects risk managers to jump into the fold,” says Brian C. Elowe, managing director, Marsh USA Inc., in Boston, Mass. He adds, “Don’t wait for an invitation.” For risk managers who are not members of the governance table, this is the time to seize the opportunity, he says.

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