Kyle Williams
Head of Political Risk and Structured Credit - Pacific
Is your organization equipped to adapt its risk management strategies in response to today's geopolitical landscape?
Drawing on our comprehensive World Risk Review analysis of 197 countries and territories, this report provides you with a succinct summary of the most crucial information to know for 2025.
Use this report to:
- Gain a comprehensive understanding of risk trends to inform your risk management strategies.
- Make informed decisions about expanding your business into new regions or markets, protecting existing supply chains, and mitigating uncertainty in a volatile world.
- Identify potential risks and opportunities that may impact your employees, assets, operations, and supply chain.
- Learn the actions you and your organization can take now to build and maintain resilience, in the face of geoeconomic and geopolitical uncertainties.
Global Risk Events
The Global Risk Events Map visually represents and tracks significant risk events that began in the past 18 months worldwide. Place the cursor over the map to find out more.
Report FAQs
What are political risks and are they insurable?
Political risk is the probability of disruption to operations caused by political events occurring in-country or by changes in the international environment. Political risk insurance (PRI) can provide indemnity from government actions in any country where you have operations, assets, contracts, or investments, that lead to monetary losses. Learn more about political risk insurance.
What is the Political Risk Report?
The Political Risk Report delivers insights on geopolitical and macroeconomic risks. It underscores the need for organizations to comprehend, assess, and where appropriate, mitigate operational and strategic risks.
Marsh, with specialist expertise in identifying, assessing, understanding, and mitigating risks across the spectrum of organizational challenges, is well suited to supporting clients through this journey.
Who should read the Political Risk Report?
The Political Risk Report is essential reading for risk leaders involved in strategic planning and risk management in a global context. The report will help you to anticipate potential disruptions, enabling strategic planning and risk mitigation efforts that safeguard your organization's interests in an increasingly volatile world.
What makes this year’s Political Risk Report unique compared to previous years?
The Political Risk Report 2025 highlights the volatility in trade flows amid rising protectionism and the role of "connectors" — countries acting as trade intermediaries. It also addresses the implications of evolving climate regulations, such as the Carbon Border Adjustment Mechanism, that are reshaping compliance obligations. By emphasizing the importance of operational and strategic awareness regarding the implications of geopolitical developments, the report equips leaders with the insights needed to adapt effectively in a rapidly changing environment.
How extensive is the research behind the Political Risk Report?
The report integrates data from Marsh Credit Specialties’ country risk ratings platform, World Risk Review, that monitors short- and long-term economic, political, and security risk trends across 197 countries.
It also considers geopolitical shifts that have accelerated in recent years, contributing to an increase in conflict risk and a doubling of the number of conflicts worldwide since 2005.
How can the report help me in my role as a risk leader?
For risk leaders, the Political Risk Report 2025 is an indispensable resource for understanding the nuanced and evolving challenges organizations may face in today’s complex geopolitical and macroeconomic landscape. This report is designed to support operational and strategic planning as global politics, trade, and finance undergo transformations, creating both challenges and opportunities.
How can I access reports from previous years?
You can access the last two versions of the report here: Political Risk Report 2024 and Political Risk Report 2023.
Key solutions
Our local expertise
This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any modelling, analytics, or projections are subject to inherent uncertainty, and any relevant analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. LCPA 24/106.
Our people
Angela Duca
Global Head of Credit Specialties
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United States
Robert Perry
Chairman, Credit Specialties UK & Global Head of Political Risk and Structured Credit
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United Kingdom
Christopher Coppock
Head of Geopolitical and Economic Risk Analysis, Credit Specialties Marsh Risk
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United Kingdom