Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, new research published by Lloyd's today reveals.

Lloyd's, the world's leading specialist insurance market, working with the Economist Intelligence Unit, conducted one of the most comprehensive surveys yet on how well organisations deal with new areas of complex risk. More than 100 business leaders from a range of countries and sectors were asked for their views on how well their organisations manage risk.

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