With both public and private sector organizations reeling in the wake of the hacking of VeriSign and other security companies, risk managers are more aware than ever of cyber risk and the need for best practices in managing it, according to the Risk and Insurance Management Society.

As details of the hacking of VeriSign unfold, questions emerge and government entities and corporations of all sizes are becoming more aware of their own vulnerabilities, according to a technology expert.

Even though enterprise risk management (ERM) is seen as a growing need for organizations globally, companies are still struggling to implement the practice enterprise-wide, according to an industry study.

Nearly all risk managers (96 percent) have significant concerns about the availability and pricing of coverage, according to a survey of member firms of The Independentsan international coalition of insurance brokers and risk-management-services firms.

Corporate risk managers discuss how doing business overseas provides a constantly shifting playing field.

Munich Re reports 2011 profits of 710 million ($920 million), down from 2.43 billion ($3.19 billion) in 2010.

Regulatory and other concerns did not dampen captive formation in 2011, with small captives, cell captives and group-health captives taking the lead, according to experts.

Risk managers and financial executives who are facing property renewals have significant concerns about the availability and pricing of coverage, according to a global survey.