What will risk control look like in the future?

The small-to-middle market will need to find alternative risk management approaches that control costs and provide appropriate risk assessment. (Photo: Shutterstock)

For many clients, a primary concern is how to transform risk control to ensure that their program won’t fall behind the times over the next five years. Key industry players all share the same significant concern that they are not changing fast enough to meet current or future needs.

Complicating these matters is the fact that our industry is losing talented people at a shocking rate, the bench is weak, and money is in short supply for risk management. Very few companies are getting ahead of this.