Mid-Sized Company Risk Report
Ask any company and they are likely to tell you that they are operating in one of the most challenging risk environments in recent history. While the plights of small and large businesses often gain strong media coverage, the stories of mid-sized business frequently get less noticed.
Middle market companies are an influential segment of the American economy and deserve attention. In fact, prior to the onset of the COVID-19 pandemic, they were the fastest-growing companies in the U.S., according to the National Center of the Middle Market. The Center notes that this group creates 60% of all new private sector jobs, and accounts for nearly one-third ($10 trillion in annual revenue) of total U.S. private sector GDP.
How have middle market companies managed in the current difficult environment? What keeps them up at night — and do they have risk management plans in place to address these concerns?
To answer these questions, QBE North America presents its 2021 Mid-Sized Company Risk Report, produced in partnership with the Association for Corporate Growth (ACG). Now in its second year,
the report is based on an annual survey of executives in a variety of risk management roles at companies with $200 million to $3 billion in revenue from a cross section of industries. It discusses
the macro and micro risks that most concern mid-sized company executives, whether companies have risk management plans in place to address each of these risks, and their top needs for reducing their risk exposure.
QBE is committed to helping our mid-sized business customers and broker partners predict risks, prepare risk mitigation strategies and ultimately protect their business. To that end, this annual study has become a key source of knowledge about the most significant business risks for mid-sized companies in the U.S.
To learn more about QBE North America, please visit their website.