Data were collected from 369 Latin America companies in 15 countries and 10 industries from June to September. The results also suggested that the concept of risk appetite is not sufficiently understood in Latin American companies.
The Risk and Insurance Management Society (RIMS) and Marsh L.L.C. released results on the development of risk management practices in Latin America at the first Latin America RIMS Risk Forum, in Lima, Peru.
“Latin America’s growing economy offers many opportunities, but, before engaging in commerce in the region, it is critical for risk professionals to be able to identify and assess all uncertainties,” RIMS President Rick Roberts said in a statement.