Future of the profession: Report

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There will be a future demand for a broad variety of knowledge and skills, both disruptive technical skills and specialised industry and core business skills.

If risk professionals can acquire the right balance of knowledge and skills, this will create a huge opportunity for them to increase their level of influence in their organisations and the wider world.

In this context, it is important for Airmic to be closely attuned to the needs and aspirations of our members and the professions. With that in mind, Airmic embarked on this study to better understand the latest challenges and opportunities facing risk professionals today. In our last in-depth survey of the profession in 2018, our members told us there was a need for risk professionals to upgrade some of their more traditional knowledge and skills and take a more progressive approach to learning and development. That has continued to be the case in 2020, and we remain of the opinion that risk professionals who can combine digital literacy with a creative mindset and strong influencing skills will be best positioned to succeed as valued business partners.

We are also particularly pleased to have received 227 responses, which is of sufficient statistical relevance to have given us the confidence to make the observations and analyses of the risk profession in the report. I think the number of responses is also a testament to the level of interest our members have taken in the future development of the risk management and insurance industry.

Rather than pause at the findings of this survey, we have gone one step further. Airmic has developed a Competency Framework for risk professionals to help them navigate their career and personal journey. The Competency Framework is being launched together with this report, and I encourage you to read it!

Julia Graham
Deputy CEO and Technical Director
Airmic