THE BIG RISKS: Fear of the unknown still tops risk agenda

Security of insurance providers and financial market volatility are the top two risks that keep Europe's insurance buyers awake at night, according to the Risk Manager 2008 Survey

TO IDENTIFY THE KEY risks that currently preoccupy risk and insurance managers with Europe's leading companies, Business Insurance Europe provided the BIE 100 with two sets of risks to rank by importance.

The numbers were then crunched to find out which are the most pressing for the group as a whole in the categories of insurance risks and business risks.

• INSURANCE RISKS--Get the basics right first

FOR INSURANCE RISKS THE result was not a big surprise as the classic budget-based risks of security, price and claims occupied the top three slots.

Europe's leading risk managers are still most concerned about the normal insurance market issues that determine with whom coverage is placed, how much it will cost and whether the product will deliver in terms of claims payment.

The next group of risks-- global service, contract certainty and innovation-- can be grouped under the heading of service.

The bottom two by some margin, transparency and taxation, can be grouped... For the full article click here to download the digital edition of the BIE 100 Risk Manager Survey 2008