Aon Risk Solutions, the global risk management business of Aon plc, released an EMEA focused industry report today, highlighting the top risk factors facing EMEA financial institutions. As the industry contends with increasingly complex challenges and new emerging risks, this Aon report provides comprehensive industry analysis to assist financial institutions in proactively managing risk.
The 2014 EMEA Financial Institutions Industry Report offers insight into three key areas: risk priorities, the insurance market and risk management. Highlighting differences between EMEA and global trends including a key divergence in views about technology and liquidity risk, the report identifies the key areas of concern to EMEA-based financial institutions, and demonstrates that managing risk is key to achieving growth and profitability in an increasingly challenging environment.
The report is based on Aon’s Global Risk Management Survey and its Global Risk Insight Platform (GRIP), proprietary Aon data and analytics systems that deliver deep insight based on the collective opinion of risk professionals and insurance placements across the globe.
Enrico Nanni, Chief Commercial Officer, Financial and Professional Services at the Aon Global Broking Centre, said “In today’s global environment, financial institutions face increasingly complex challenges ranging from regulatory scrutiny of risk and capital ratios, through to sustained economic pressure and rising litigation. In addition, the concern around potential technology failures and constant threats of data breaches from cyber-attacks means the stakes for financial institutions have never been higher.
Mr Nanni added, “It is important that we share Aon data and insights with our clients, to ensure they are receiving the right guidance on risk mitigation and can proactively address their business risks. This free industry report is a compact illustration of the analytical insight Aon clients utilise to better manage risk.”