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Financial Institutions 2025 Risk Index Financial Institutions 2025 Risk Index 1 Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com Some information contained in this document may be compiled from third-party sources we consider to be reliable. However, we do not guarantee and are not responsible for the accuracy of such. The views expressed in this document are not necessarily those of Willis Towers Watson. Willis Towers Watson accepts no responsibility for the content or quality of any third-party websites or publications to which we refer. This publication and all of the material, data and contents contained herein are for general informational purposes only, are not presented for purposes of reliance, and do not constitute risk management advice, legal advice, tax advice, investment advice or any other form of professional advice. This document is for general discussion and/or guidance only, is not intended to be relied upon, and action based on or in connection with anything contained herein should not be taken without first obtaining specific advice from a suitably qualified professional. Published: April 2017 This publication was produced by Willis Towers Watson in collaboration with Raconteur. Raconteur is a publishing house and brand publishing agency. Raconteur produces special reports for The Times and The Sunday Times, as well as content marketing solutions for brands and bespoke market research. Raconteur combines premium editorial, analysis and graphic design with a commitment to high-quality executions in print and online across all of its services. Our content informs, inspires and influences thought leaders worldwide. For more information, please visit www.raconteur.net Deconstructing risk Willis Towers Watson Construction Risk Index 2017

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