A new report sees an uptick in enterprise risk management (ERM) spending. London-based Chartis Research’s RiskTech100 global ranking of the top 100 risk technology vendors also includes intelligence on respondents’ vendor preference. The full report delves into the practices the companies employ to counter enterprise risk.
When it came to describing their ERM regime, only 43% of respondents felt that their organizations currently have a well-formulated and communicated strategy for enterprise risk management. Indeed 9% of respondents, which included both insurers and bankers, indicated that their company has no current strategy in place, while 29% described their ERM regime as a “loose concept that is not fully defined with partial sponsorship from the board of directors.”
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