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The Global Risks Report 2017


The disruptive political events and social unrest of 2016 may pose significant operational and strategic risk for businesses, according to "The Global Risks Report 2017". With events at the ballot box and on the streets exposing flaws in the systems of liberalism and globalisation, business leaders must think differently about priorities and risk management practices.

The 12th edition of the report, prepared by the World Economic Forum with Marsh & McLennan Companies as a strategic partner, provides an outlook on the threats facing the world in 2017 and examines some of their root causes: rising inequality, political polarisation and nationalism, and disruptive technological change.

Among the key findings from the report:

  • Economic problems are a root cause of instability. Advanced economies are experiencing stagnant economic growth and significant productivity challenges while emerging markets are enduring both a downturn and high levels of fiscal fragility.
  • Technological change must be managed. The speed of disruption is destabilising. Artificial intelligence presents particular risks based on its decision-making powers with security and safety consequences. Cyber-attacks continue testing critical infrastructure as well as commercial ventures, and are becoming more extensively used by states and terrorists against their enemies.
  • Politics are frayed. Public approval of political leaders is low, party systems have buckled, and an anti-establishment feeling is high.  
  • Global cooperation is under strain. Heightened domestic anxiety has intensified geostrategic competition. Advanced economies look to strengthen border controls, while climate change reform hovers under a cloud of uncertainty and trade agreements are collapsing.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.