Wooden blocks and the effect of dominoes. The majority of the executives surveyed (74%) said their company currently had unmet risk management needs, and 90% said they would be interested in engaging their insurers for loss control planning as well as during the claims process. (Credit: Andrii Yalanskyi/Adobe stock)

Fewer than half of mid-sized companies have a mitigation plan in place for most types of macro business risk, according to the 2022 QBE Mid-Sized Company Risk Report. The survey found the risks these companies were least prepared for were related to climate change (33% have a mitigation plan), macroeconomic risk (37%) and reputational risk (39%). Unsurprisingly, these risks – along with that of natural disasters and severe weather – ranked lowest on the list of risks with which mid-sized businesses are concerned.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].