Today’s world is constantly in motion – with shifting complex perspectives and connected and accelerating change, creating moments of both exhilaration and apprehension. In this context, risk and insurance professionals have never been in more demand.
Geopolitics has again dominated various lists of top risks this year as conflict and uncertainty rages on over Ukraine-Russia and the Middle East. The new US administration is orienting towards a new world order, led by a president elected in the turbulent ‘year of elections’ that was 2024.
Yet geopolitics or indeed risk today is much more than just the ‘three Ts’ that have dominated the headlines – Trump, Tariffs, Turmoil. Geopolitics brings with it an interconnected web of risks ranging from supply chain disruption to cyber, which hit closer to home for risk professionals and their organisations. And so while geopolitics has provided a useful means to monitor the key driver of risks today, it takes a level of risk maturity to phase out the noise in all the data and information from the 24-hour news cycle, social media, and a range of intelligence sources – to focus on what really matters for the organisation’s Purpose now and in the longer term. What can risk professionals and their organisations do in this context?