Organisations in central and Eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance, according to the annual client symposium hosted by Aon Global Risk Consulting, the risk management consulting arm of Aon.
The symposium, attended by a hundred senior risk professionals, specifically focused on emerging markets, with leaders from Central and Eastern Europe, Brazil and Turkey contributing to a discussion on the relevance and potential impact of solutions that have been long-standing features of risk management strategies in other parts of the world.
Delegates shared thoughts on how quickly solutions from mature risk management markets such as US, UK and Australia could be introduced successfully to emerging economies.
Speakers referred to the next five years as the time in which risk management models in these economies would gain traction and become a core part of the business strategy of major organisations. Captive Insurance companies are expected to be a key element of the strategy for many firms.
Jaap Veenenbos, regional director of Central and Eastern Europe for Aon Global Risk Consulting, said: “With the magnitude, scope and complexity of risk on the rise, the key for success and growth for leaders in emerging economies is to understand and mitigate the level of risk facing today’s organisations. The need for more effective management solutions will continue as globalisation makes the world smaller, overseas investment in Poland and additional countries increase and regulatory environments evolve.”
