Pandemic Survey Highlights European Risk Management Response
A year into the coronavirus pandemic, here’s a snapshot of how organizations throughout Europe have measured their risk management response so far.
The Federation of Risk Management Associations (FERMA) recently published “Risk Management, Recovery, and Resilience,” a survey of 314 risk and insurance management professionals in Europe during COVID-19. It found that in the immediate response to the pandemic, they prioritized people via quick pivots to telework and facilitating health and safety measures.
Other findings from the 314 respondents:
However, one area where respondents felt let down was in insurance coverage. 67% said their insurance didn’t provide their organization with sufficient coverage from business disruptions.
As a result of the survey, FERMA made these policy recommendations:
Click here to read the complete report.