Re‐assessing 21st century risk: 21st century trends in risk management – board level decisions set the agenda

There are a number of trends clearly detectable in the UK markets that have the potential to change radically the approach of major and medium sized companies to insurance. Although some of these have been caused by the substantial increases in premiums triggered by the recent hard market, there are clear signs that these trends are becoming institutionalized, and are thus likely to continue despite any subsequent softening of the market.