Market Perception Trends: Risk Consulting Providers 2023
Daniel Garcia
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Executive Summary
This report aims to provide corporate risk executives and senior strategy executives with guidance in choosing a risk consulting brand for risk management strategy execution and service delivery within their firm. It will also provide chief marketing officers, and business development officers involved in corporate risk consulting services, with valuable insights into their standing compared with other global service providers, in terms of preference and awareness.
This report offers a deep dive into key factors that shape risk management strategies, brand preferences and spending from a client priority and requirements perspective. Insights in this report are drawn from the Verdantix 2023 global corporate risk management survey, which gathered responses from 200 senior risk executives across 14 industries around the world. To ensure a high-quality data set, we targeted executives from firms across different industries and regions, with minimum annual revenues of $250 million, holding role titles of director and above.
The ‘Big 4’ maintain the topmost position as the most preferred risk consulting providers
Boutique risk consulting firms are beneficial for executing risk management strategies
New regulations and expansion majorly influence firms’ demand for risk consulting services
Figure 2. Risk consulting service providers: brand preference
Figure 3. Risk consulting service providers: brand awareness
Figure 4. Risk and C-Suite functions are key decision-makers for risk-based consulting projects
Figure 5. Geographic pressures and emerging risks related to ESG and climate change are key drivers of spend
About the Authors
Elizabeth Babalola
Senior Analyst
Elizabeth is a Senior Analyst at Verdantix, where she delivers in-depth research to support corporate executives in strengthening operational resilience, optimizing insurance ...
View ProfileDaniel Garcia
Senior Manager
Daniel is a risk and compliance subject-matter expert (SME), with over 16 years of global experience, having worked for major financial institutions and consulting firms in La...
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