Organizations are facing increased risks as many have grown their risk management team over the last two years, but they still need to address specific technology-related talent shortages, according to a new Accenture 2013 Global Risk Management study.
The research report, “Risk Management for an Era of Greater Uncertainty,” is based on a global survey of 446 executives in seven industries — 98 of which were insurers — and two government sectors. In the report, insurers contend legal risks, market risks and business risks related to changing volumes are projected to rise most in the next two years. Respondents recognize that they need to find the right talent to address these risks; 54 percent of organizations reporting a shortage of candidates with the right skills. Exactly half of responding executives said their risk management functions were challenged by weak recruiting strategies and insufficient training programs.
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