More than half of European companies feel doing international business has become riskier over the past five years, according to a research report from ACE Group.
Earlier this year, ACE conducted a survey of over 600 European companies in the United Kingdom, Germany, Italy, Spain and Benelux (the economic union of Belgium, the Netherlands and Luxembourg). The survey asked about six areas of risk: terrorism and political violence risk; environmental risk; multinational and export risk; information technology and cyber risk; directors' and officers' liability risk; and business travel risk.
The survey, conducted by Opinion Matters, queried risk managers, chief risk officers, chief financial officers and chief operating officer, and others responsible for buying insurance at a company with more than £500 million profit (U.S. $806 million).
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