MEA Risk Management and Insurance Perception Survey Findings

As 2020 saw the world gripped by the COVID-19 pandemic, companies in the Middle East and Africa found ways to tackle the crisis head on and strived for continuity across their business activities. Whilst some regions were hit harder than others, almost all businesses had to grapple with issues that affected their survival and ability to meet their customers’ requirements.

Despite many participant companies showing strength in adversity, the 2021 MEA Risk Management and Insurance Perception Survey Findings reveal that pandemic-related ripples emanating from international economies and markets are affecting the Middle East and Africa. This new risk landscape and its associated challenges has driven a greater business leader understanding of risk and specifically their requirements from risk transfer.

Importantly, the COVID-19 crisis has amplified existing risks, such as cyber and liquidity challenges and the need to continue to address these whilst focusing on business resiliency. In this report, we explore the threats most pertinent to businesses in the region and the actions that can mitigate them.

Companies in the region continue to embed risk management practices and now, more than ever, understand that strategies in this space are vital. As the survey findings outline, approaches to this are somewhat varied, but risk management remains at the top of the agenda in the boardroom.

Marsh hopes that this year’s findings will shed light on the impact of the current global landscape on the risk profiles of businesses within the region as well as highlighting steps that could be taken to build greater resilience.

MEA Risk Management and Insurance Perception Survey Findings

Key findings

Fallout from COVID-19

Changing Work Patterns and Cyber

A Look to the Future

The Need for a Tactical Approach

Risk Transfer Solutions

Key Takeaways

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MEA Risk Management and Insurance Perception Survey Findings

Executive Summary

Key findings

Fallout from COVID-19

Changing Work Patterns and Cyber

A Look to the Future

The Need for a Tactical Approach

Risk Transfer Solutions

Key Takeaways