【KPMG Global】KPMG ranks #1 for providing ‘market-leading capabilities’ among risk consulting firms

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November 2023

By Elizabeth Babalola

With Daniel Garcia

Market Perception Trends: Risk Consulting

Providers 2023

Risk Management

verdantix.com

By Elizabeth Babalola

With Daniel Garcia November 2023

Market Perception Trends: Risk Consulting

Providers 2023

Risk Management

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.

Table of contents

Corporate brand perception of risk consulting service providers 4

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 8

Table of figures

Figure 1. Risk consulting service providers: capabilities ranking 5

Figure 2. Risk consulting service providers: brand preference 6

Figure 3. Risk consulting service providers: brand awareness 7

Figure 4. Risk and C-Suite functions are key decision-makers for risk-based consulting projects 9

Figure 5. Geographic pressures and emerging risks related to ESG and climate change are key drivers 10

of spend

Market Perception Trends: Risk Consulting Providers 2023 2

Organizations mentioned

AJG (Gallagher), AlixPartners, Allianz, Aon, Control Risks, DEKRA, Deloitte, dss+, DXC Technology, EY,

FTI Consulting, Howden, KPMG, Kroll, Lockton, Marsh, PwC, RMS (Moody’s), Towergate Insurance Brokers,

UK Financial Reporting Council, Willis Towers Watson (WTW).

Disclaimer

As an independent analyst firm, Verdantix does not endorse any vendor, product or service covered in our research

publications, webinars and other materials. Verdantix does not advise technology users to select only those vendors

with the highest ratings. Verdantix research publications consist of the opinions of the Verdantix research team based

on its analysis of the market, survey data and review of vendor solutions. Verdantix disclaims all warranties, expressed

or implied, with respect to this research, including any warranties of fitness for a particular purpose.

Market Perception Trends: Risk Consulting Providers 2023 3

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