2021 AIRMIC ANNUAL MEMBER SALARY AND STATUS SURVEY RISK PROFESSIONALS CONTINUE THEIR JOURNEY OF STRATEGIC RECOGNITION
The annual Salary and Status Survey report is based on the views of Airmic members.
Airmic announces the release of its Annual Member Salary and Status Survey 2021, providing a picture of the current profile and future of the profession.
A profession performing a strategic role
Airmic members are helping to drive transformation in their organisations and play a key part in shaping their post-Covid future – the risk and insurance profession continues along the path of recognition as a strategic capability.
KEY FINDINGS:
- Airmic research has converged reaffirming the growing importance of managing risk as a strategic enabler
- Risk professionals who combine digital literacy with a creative mindset and strong influencing skills are likely to be best positioned to succeed as valued strategic business partners
- The increase in those who have joint responsibility for managing risk and insurance, indicates that the Airmic objective to drive the integration of managing risk and insurance is moving in a positive direction
- The talent pipeline of younger risk professionals is more likely to be female, although diversity in the profession remains “work in progress”
- The potential value of mentoring will increase as it helps to fulfil a need for professional and emotional connection in a hybrid or remote working environment
- Airmic members are loyal to their organisations with more than half having worked for their current organisation for more than 6 years. However, people policies and practices must be updated to reflect the new world – loyalty cannot be taken for granted
Claire Combes, Chair, Airmic, commented:
“The pandemic has seen risk professionals prove their worth to organisations. Leading in risk, providing timely information to support the decision making of top management and peers, with agility and adaptability, the professional bar has been raised.
Julia Graham, CEO, Airmic, commented:
“The report provides important information and indicators about the profile of the profession we serve and what matters to them the most. Airmic recognises that we have to improve our approach to ESG, and especially diversity. Airmic must also keep up with the velocity of change our members are experiencing, which points to a greater investment in our digital capability.”
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NOTES TO EDITORS
ABOUT THE 2021 AIRMIC ANNUAL SURVEY
Airmic conducted its annual member survey in the third quarter of 2021.
Respondents hold leading positions within the risk profession and in some of the largest businesses in the world. More than 70% work in organisations with a turnover in excess of £1 billion, while just under 40 % are from organisations with more than 25,000 employees.
ABOUT AIRMIC
The leading UK association for everyone who has a responsibility for risk management and insurance in their organisation,
Airmic has over 450 corporate members and more than 1,500 individual members. Individual members are from all sectors and include company secretaries, finance directors, and internal auditors, as well as risk and insurance professionals.
Airmic supports members through learning and research; a diverse programme of events; developing and encouraging good practice; and lobbying on subjects that directly affect our members and their professions. Above all, we provide a platform for professionals to stay in touch, to communicate with each other, and to share ideas and information.