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RESEARCH AND BRIEFINGS

International Business Resilience Survey 2015

 


According to the International Business Resilience Survey 2015, conducted by Marsh Risk Consulting and Disaster Recovery Institute International (DRII), firms consider cyber and IT-related risks to be the most likely to occur and have the greatest potential impact on their operations.

Marsh, in collaboration with DRII, surveyed nearly 200 C-suite executives, risk professionals, and business continuity managers from large and medium-sized corporations around the world about their organisations’ attitudes toward business risks and the risk mitigation processes they have in place.

Another finding from the survey is that the majority of respondents consider business continuity and crisis management to be critical elements of their resilience planning which need to be adequately established and maintained. Moreover, some in the C-Suite take it for granted that their organisations have specific insurance cover for cyber and IT-related risks, when this may, in fact, not be the case.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.

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