2019 Airmic member survey - Emerging risks

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When asked if we wanted to work with Airmic on this project we jumped at the opportunity. As a risk management community, you represent the customer of the commercial insurance market and at KPMG, we see the customer driving many of the  strategic decisions for insurance carriers and distribution partners. In a recent study, we worked alongside the London Market Group to understand what the workforce of the future would look like and offered some guidance for how individuals, businesses and leaders might change their behaviours to win in the future. One of the main findings of this was the importance of Risk Partnering.

We believe a Risk Partnering attitude is critical to unlocking the blueprint for how risk management and insurance can work together in the future. It moves the conversation beyond pricing and wording to allow for a more holistic solution from prevention through to response. The outcome being a solution that is not only more effective but also better value for all involved. 

To tackle emerging risks, the industry needs everyone to shift to a more open, collaborative and innovative mind-set. Advances in technology present us with the opportunity to work together and break down barriers or silos across industries and organisations to be more connected. This new partnership approach means all players working together differently, sharing insight, solving problems and co-creating solutions more effectively. We are excited about the innovation in the insurance market and we would encourage this community to be part of it. 

The survey results in this report allow us to explore some of the barriers to this a little further. We hope you find some helpful guidance for how you might challenge yourself and your traditional role profiles to increase the value you bring to your business. 

Paul Merrey, Strategy Partner 
Matthew Smith, Strategy Partner
Ben Harris, London Market Director