Study sheds light on future profile of the risk practitioner

As technology increasingly takes over more routine, manual tasks, risk professionals must upskill and constantly reinvent themselves, or risk being made redundant by technology.

Risk professionals that can combine digital literacy with a creative mindset, strong influencing skills and the ability to translate technological output into meaningful insights will be best positioned for success, based on an analysis of workplace trends among the Airmic membership.

The report, Future of the Profession, also found that 40% of risk professionals are happy in their roles, and do not want to move into another function; and that 70% have needed different knowledge and skills in the last four years.

Amanda Scott, talent and rewards leader, Great Britain, Willis Towers Watson, said: “The future of the workplace will be very different to how it is now. We are delighted to have collaborated with Airmic on the development of this report which will help risk professionals to think about the future – of the industry, their profession, their role and their personal skillset. The increasing use of artificial intelligence and new technology means risk professionals will need to continually evolve their personal skillset to continue to be relevant and to add value as a critical partner to the business strategy.”

Hoe-Yeong Loke, Airmic’s research manager, added: “It is clear the profession is undergoing rapid change. If risk professionals can acquire the right balance of skills, this will be a huge opportunity to grow their influence. With the trends in technological disruption, it is important for us to be closely attuned to the needs and aspiration of the risk profession, rather than to be led by popular misconceptions or outdated research. This is what Airmic’s latest report seeks to do, while also making recommendations for risk professionals to be professionally fit for the future.”

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