Zurich North America’s Post

It's interesting to read the Global Risks Report for 2024 to see what the experts think the global outlook is over the next two to ten years.

Understanding the landscape of future risks is crucial for any organization. The WEF Global Risks Report for 2024 brings forward important insights into the challenges we may face in the coming years, including environmental threats and the rise of misinformation. These evolving challenges prompt an essential question: How well-prepared are our organizations to address both current and future risks? #WEF2024 #GlobalRisks #resilience https://lnkd.in/dTQnuhQV

World Economic Forum - Global Risks 2024: Disinformation Tops Global Risks 2024 as Environmental Threats Intensify: https://lnkd.in/eRnQCqMF

Global Risks Report 2024

Global Risks 2024: #Disinformation Tops Global Risks 2024 as Environmental Threats Intensify

🌍🔍 Navigating Climate Risks: Insights from Our Recent Staff Report 📊🏦 Amidst the escalating impact of climate change, the resilience of the insurance sector emerges as a pivotal topic of discussion. At FTF Research, we're dedicated to shedding light on this pressing issue. Here's a glimpse into our latest findings: 🔍 Understanding the Challenge: As natural disasters surge in frequency and severity due to climate change, the role of insurance as a safeguard gains unprecedented significance. But can the insurance sector weather the storm of climate change? 🌪️ Assessing Physical Climate Risk: To address this critical question, our recent staff report delves into insurers' exposure to physical climate risk—a key component of climate change-related risks. We've developed a novel factor to gauge the aggregate physical climate risk in the financial market. 📈 Insights and Applications: Our research unlocks valuable insights with far-reaching implications: 🔹 Risk Assessment: By quantifying insurers' exposure to climate risk, our factor facilitates a comprehensive assessment of their vulnerability amidst climate-induced disruptions. 🔹 Capital Planning: Furthermore, our findings aid in estimating the expected capital shortfall of insurers under various climate stress scenarios, enabling proactive risk management strategies. 💡 Empowering Decision-Makers: At FTF Research, we recognize the imperative of data-driven insights in navigating the complexities of climate risks. Our research equips stakeholders with the knowledge needed to make informed decisions and fortify resilience in the face of climate uncertainty. 🌟 Join the Conversation: As climate change reshapes the landscape of risk management, let's collaborate to forge pathways to resilience. Together, we can navigate the challenges posed by climate risks and build a more resilient future. #FTFResearch #ClimateResilience #InsuranceSector #ClimateChange #RiskManagement

The 2024 Global Risks Report, produced  in partnership by Marsh McLennan and Zurich Insurance Group, identifies a new risk for the first time - Misinformation and disinformation topping the chart for the first time as being the biggest short-term risks. Extreme weather events continue to feature as both short and long term concerns. At the same time, companies are impacted by complex supply chain issues and geopolitical risks. The question is how prepared is your organisation in identifying and managing the risks identified in an ever changing world?  #Marsh, #Global #Risk

The Global Risks Report 2024, developed in collaboration with our team at Zurich Insurance, was released today and sheds light on some of the world's most pressing challenges. The report highlights three major risks that are expected to dominate the outlook for 2024. These include concerns over the persistent cost-of-living crisis, AI-driven misinformation and disinformation, and societal polarization. The following years are expected to be characterized by persistent economic uncertainty and increasing economic and technological disparities. Environmental risks continue to be the most significant risks across the short and long-term. For my Canadian friends, according to the survey, the top 5 risks for Canada are: 1.      Economic downturn 2.      Labour shortage 3.      Extreme weather events 4.      Inflation 5.      Infectious diseases Read the full report here: https://lnkd.in/eBzyM6Q5

What are the biggest global risks we're currently facing? According to the World Economic Forum, extreme weather and critical change to Earth systems are the greatest long-term concern as cited in the Global Risks Report 2024. 🌡Two-thirds of global experts are worried about extreme weather events in 2024 👥Report warns that cooperation on urgent global issues could be in short supply 🌱Environmental risks continue to dominate the risks landscape over all timeframes Read more on the report here: https://ow.ly/F8jj50QxJAW

Disinformation Tops Global Risks 2024 as Environmental Threats Intensify https://lnkd.in/dKz6XUEA