Good news for chief risk officers: enterprise risk management programs appear to be improving.

That’s according to the findings of a Web-based survey of 201 chief risk and financial executives conducted by risk-management consulting firm Aon. The study found that many respondents have moved beyond the basic stages of ERM development, and overall ERM maturity has improved since Aon’s last survey in 2007.


Boards and senior executives will welcome the news; the bar for effective risk management is moving “higher and higher,” and the margin for error is getting much smaller, according to Laura Taylor, head of Aon’s enterprise risk ...