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