The 15th edition of the Global Risks Report has been published by the World Economic Forum with support from Marsh & McLennan. Drawing on feedback from nearly 800 global experts who were asked to rank their concerns in terms of likelihood and impact, this year’s report highlights two core threads across the risks landscape: Intensifying confrontations, both between and w ... Continue Reading »
macroeconomic
Environmental Risks Are the Leading Concerns for Doing Business Across East Asia and the Pacific
Results from the World Economic Forum’s 2019 Executive Opinion Survey indicate that environmental risks are the leading concerns for doing business across East Asia and the Pacific, with “natural catastrophes” ranking first and “extreme weather events” ranking fifth. The concerns about “natural catastrophes” were heavily driven by responses from Japan and New Zealand, where they ... Continue Reading »
Regional Risks for Doing Business
With heightened economic uncertainty and increasingly decentralized threats, regional understanding of risks – and the opportunity for cooperation – is critical. Results from the World Economic Forum’s 2019 Executive Opinion Survey suggest that the threat of a major economic slowdown is high on the minds of business leaders worldwide, with growing apprehension about a wide ra ... Continue Reading »
Economic and Governance Risks to the MENA Region
Exogenous factors, such as geo-economic division, climate change and technological threats all pose a particular risk to MENA, but so, too, do hazards that are more regional in nature. According to respondents in the Middle East and North Africa to the World Economic Forum’s Executive Opinion Survey, the top two risks across the region for doing business are “energy price sho ... Continue Reading »
Boardrooms Are Stuck in the 20th Century; Here’s How We Change That
Michelle Daisley, Partner, Oliver Wyman's Financial Services Practice and Margarita Economides, Engagement Manager, Oliver Wyman's Financial Services Practice Contact Is it possible to govern an organization fit for the third decade of the twenty-first century using a board model from the early twentieth century? The pressures on boards and governance models to change ... Continue Reading »
Sir Richard Dearlove plays down Brexit but warns insurers of risks posed by “new international order”; MMC Young Professionals’ Global Forum 2019
The impact of Brexit on the London insurance market will be minimal, according to Sir Richard Dearlove, OBE, Non-executive Chairman of Ascot Underwriting, describing Brexit as "a sideshow." Addressing delegates at the MMC Rising Professionals Global Forum, Mr. Dearlove said: "The London insurance industry is a global industry, not a European industry, so the effect of Brexit ... Continue Reading »
“The Age of Risk has just begun,” believes Marsh & McLennan’s Dan Glaser; MMC Young Professionals’ Global Forum 2019
"There is no better time to be in the risk business than right now," said Dan Glaser, President and Chief Executive Officer of Marsh & McLennan, in his opening address to delegates at the MMC Rising Professionals' Forum 2019 in London. "The world around us is moving at such a rate that it is in a constant state of VUCA - volatility, uncertainty, complexity and ... Continue Reading »
Prioritizing Business Risks in Japan
In 2019, technological and geopolitical threats continue to be at the center of the risk landscape for businesses in Japan. Other vulnerabilities have also resurfaced, notably the persistent threats of natural catastrophes, the country's tight labor market and the specter of an asset bubble. ... Continue Reading »
Environmental Disasters Leading to Increased Disruption to Supply-Chains
As environmental risks crystallize with increasing frequency and severity, the impact on global value chains is likely to intensify, weakening overall resilience, according to Global Risks Report 2019, which was produced by the World Economic Forum with the support of Guy Carpenter's parent company, Marsh & McLennan Companies. ... Continue Reading »
The Evolving Directors and Officers Market – Part II
Directors and officers (D&O) liability insurers are expected to remain willing to walk away from business or reduce capacity, if they are not getting the pricing they need, according to the report, The US Financial and Professional Lines Market in 2019: Our Top 10 List. ... Continue Reading »
