PR Newswire
20 Oct 2022, 18:30 GMT+10
LONDON, Oct. 20, 2022 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the results of its 2022 Executive Risk Survey, "Making Better Decisions in Uncertain Times." The survey clearly shows that leaders who are making better decisions about risks are better prepared to navigate through and succeed during highly volatile times and economic uncertainty.
Aon conducted more than 800 interviews with C-suite and senior executives at companies with 500+ employees to answer questions related to: What attributes set leaders who are very prepared for a recession apart? How are they making better decisions to position their companies for growth at this pivotal time?
A strong majority (79 percent) of business leaders expect a recession this year. A highly select group of leaders-just 35 percent-report feeling very prepared for that recession.
"Strong, prepared leaders are essential to protecting an organization's resilience and finding growth opportunities in the face of heightened volatility," said Greg Case, chief executive officer of Aon. "This year's report reveals that leaders who are very prepared to weather economic challenges embrace calculated risk-taking as an engine of growth."
Business leaders who are very prepared for a recession share four fundamental attitudes toward preparedness:
"Climate risk is not a probability, it is a certainty and severe weather is becoming more and more a part of everyday life," added Case. "What this research shows us is that while climate change is one of our greatest challenges, it could also be one of our greatest opportunities. It is the ultimate example of the interconnectivity of risk. More companies are looking at the challenges caused by climate change beyond regulatory compliance and reputation management and are digging into the related risks where the impact is immediate and measurable - business interruption, material scarcity, supply chain issues and reputation damage. And we are seeing that the leaders who are investing more time and resources to the challenge are better prepared as a result."
The survey was conducted online from Sept. 2-15, 2022 by 815 C-suite, partner, senior executive and executive respondents at companies with 500+ employees across diverse industries in the United States, Canada, the United Kingdom, Germany, France, Italy and Spain. The survey builds upon the 2020 research, "Are You Prepared for the Next Big Threat?" and 2021 research "A New Approach to Volatility: The Importance of Making Better Decisions." To view the 2022 results, please click here.
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better - to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
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