UK Firms Face Uncertainty: Marsh Study Reveals Top Risks
In a fresh drop from Marsh, the world’s top insurance broker, a survey of more than 2,100 UK companies with turnovers between £100,000 and £500 million has got us thinking. The biggest worries for the next year? Money tremors, people’s wellbeing, and supply chain headaches.
Financial Uncertainty – 34 %
- Inflation & energy prices rattling budgets
- Raw‑material costs climbing like a bad headline
- Only 34 % flag it as a “big worry” – the lowest since 2021 (43 %)
Why the dip? Firms have beefed up their savings during Covid and now face the classic “normal” market dangers, which feel less scary than the pandemic’s unknowns.
People‑Related Risks – 29 %
- Employee mental health and wellbeing – 31 %
- Talent retention, attraction, and succession – 22 %
- Public & staff health and safety – 21 %
Only 47 % of firms revamped health and safety n the past year, while 51 % bolstered mental‑health programmes. They’re gearing up for a full‑blown culture review in 2024.
Supply Chain Disruption – 23 %
Slider left on the “glitch” dial. Nearly five tenths of companies say it could derail progress.
ESG – A Half‑Giant Prioritisation
- About 55 % can wrangle ESG rules
- Half (50 %) weave ESG into strategy
- 48 % have checked supplier ESG in the last 3 years
Even though reporting on ESG is mandatory for big firms, a solid 76 % haven’t yet stitched it into day‑to‑day business plans.
Optimistic Vibes – Beyond the Heads‑Up
31 out of 50 companies expect a bump in productivity, turnover, and profit – just before the next CSV.
Take‑away from Alistair Fraser, CEO, Commercial & Corporate, Marsh UK
“The UK risk landscape over the last year has been shaken by macroeconomic swings and geopolitical ripple‑effects.
From solo‑owners to multi‑nations, every business needs a rock‑solid risk strategy.
This report tells a clear story and offers pragmatic steps to fortify resilience so firms can grow with confidence.”
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