Survey Shows Decrease in Core Risk Management Activities

Responses to an annual survey showed a decrease in risk management activities over the last year.

Origami Risk published its 3rd annual State of Risk report. The survey polled 240 risk professionals from across the U.S. and Europe.

It shows that despite 80% of respondents claiming to be either “moderately prepared or higher,” the data on the hard actions being taken doesn’t support these assessments. Respondents downgraded their assessment of the priority their organization puts on risk management by nearly a full point, from 7.45 to 6.69 on a 10-point scale.

The percentage of respondents who had “fully connected” risks with strategic objectives dropped by 32%. Despite significant supply chain disruption over the past year, 52% of respondents had made no changes to their supply chain, according to the report.

The report also identifies several potential “blind spots.”

Only one-fifth of those surveyed identified geo-political risk as one of their top two concerns, despite more than 50 countries heading into critical elections, and widespread political instability. Half of respondents in the 2024 survey felt that supply chain risk has remained the same over the past year, despite global disruptions in supply chains caused by geo-political conflict, the report shows.

Other findings include:

• The average rating the question “How much of a priority does your organization put on risk management” dropped nearly a full point (7.45 last year vs. 6.69)
• The percent of respondents who had “fully connected” risks with strategic objectives dropped by nearly one third.
• 46% of respondents made no risk technology purchases, double the figure from last year.
• The percent of those with no plans to further integrate their risk data/systems (RMIS, EHS,
• ERM, and Compliance) rose 10% over last year.
• A majority (52%) made no changes to their supply chain (nearly doubled from last year).

Origami Risk is a risk, safety, and insurance Software as a Service (SaaS) technology firm.