The Global Risks Report 2017, produced by the World Economic Forum with support from Marsh & McLennan Companies and other partners, was published this week. Now in its twelfth edition, the report provides insights into the key global risks facing businesses as well as the collective view of risk experts in all sectors as to the most significant threats to global prosperity over the next decade. The Global Risks Report 2017 will inform discussions at the World Economic Forum’s annual meeting next week in Davos, Switzerland.
This year’s report highlights the social and political risks that crystalized throughout the world in 2016, and examines some of their root causes, which include rising income and wealth disparity, a fraught geopolitical environment, and disruptive technological change.
The report gives special attention to one technology that holds great potential both in terms of its possible benefits and negative consequences: artificial intelligence (AI). At a press conference in London, John Drzik, President of Global Risk and Specialties at Marsh, noted that “artificial intelligence has the potential to deliver dramatic benefits in sectors from manufacturing and transportation through to financial services and health care. However, increased reliance on AI will create new threats and amplify existing ones, such as cyber and social instability, making the parallel development of risk governance just as crucial.”
To read the full report, please click here.
To learn more from John Drzik about the 2017 report’s key insights and findings, please click here.