Trends Report

Identifying And Selecting The Right Risk Consultant

Market Landscape Of Risk Consulting Firms

February 16th, 2007
With contributors:
Laura Koetzle , Christine Ferrusi Ross , Christopher McClean , Sarah Bernhardt

Summary

Business today is dynamic and complex, which is causing organizations to consider more formalized processes for enterprise risk management. The goal is to effectively mitigate or avoid damage to the organization while seizing the maximum return on opportunities. To effectively manage risk, organizations turn to risk consultants for advice. The risk consulting landscape has grown significantly over the years and now represents a $36 billion business that crosses a range of risk consulting specialties. A successful risk consulting engagement requires that a firm understand what it is trying to achieve and is selective in the consulting firms it engages to help.

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