Although risk professionals are aware of the dangers that an unpredictable political environment can pose to their organisation, identifying and assessing those risks is the challenge that faces our profession today. This report will help break down the risks, understand their interconnectivity, the solutions available and appropriate responses.

Produced in partnership with Aon Risk Solutions and Ventiv Technology – technological advances and the lowering cost of computing makes data available to businesses like never before. Successful businesses are using this data to review business models and drive transformation.

In the aftermath of the war in Ukraine, therefore, building resilience against current and emerging risks is essential. The insurance industry has a formidable toolkit at its disposal to help organisations build that resilience, whether through the swift payment of claims to keep businesses afloat; removing risks from company balance sheets to reduce their exposure to the crisis; or providing advice on risk mitigation and management to ensure they are prepared for a range of outcomes.

The Ukraine crisis presents a myriad of risks to the sector – direct underwriting losses, rapidly rising prices, slower economic growth, financial market volatility and the potential for asset shocks – that are not altogether different to what occurred during COVID-19 and the financial crisis. But with direct investment and underwriting exposures limited overall, and with second order effects in financial markets currently manageable, the sector is strongly positioned to support clients through this period of uncertainty.