[Click télécharger - "download" - but document is in English] From AMRAE, Airmic’s sister association in France – Risk-taking is inherent to a company in its pursuit of value creation. However, due to the radical transformation of some “traditional” business models, increased digitalisation of the economy, development of new technologies, multiplication of regulations, geopolitical uncertainties, changes in society, or the challenges of climate change, corporate risks are changing rapidly.

The 17th edition of the Global Risks Report identifies tensions that will result from diverging trajectories and approaches within and between countries and then examines the risks that could arise from such tensions. This year’s report also highlights the implications of these risks for individuals, governments and businesses.

Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook.

As UK companies grow in their understanding of ESG and strategically approach risk mitigation, insight into how insurers perceive ESG risk is essential. To provide some initial information on this, Marsh undertook a survey of 30 insurers representing a significant cross section of the UK insurance market.