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Risk in Context Podcast: Executive strategies for managing risks amid a turbulent outlook

Interconnected and multilayered risks are contributing to a pessimistic global outlook for 2024 and beyond.
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30/01/2024 · 3 minute read

Interconnected and multilayered risks are contributing to a pessimistic global outlook for 2024 and beyond. And according to data revealed in this year’s Global Risks Report — produced by the World Economic Forum with the support of Marsh McLennan and other partners — the long-term outlook is expected to be even more turbulent.

As newer risks, such as the challenges posed by AI-fueled misinformation and disinformation, merge with evolving risks, such as interstate conflict, organisations and their risk managers should take action to understand the level of fragility within their own ecosystem and to address these risks. At the same time, the turbulent outlook unveiled in the Global Risks Report underscores the importance for boards and executive committees to put risk high on the agenda and build a more resilient organisation that can seize opportunities and effectively overcome crises.

In this episode of Risk in Context, Carolina Klint, Marsh McLennan’s Chief Commercial Officer for Europe, speaks with Reid Sawyer, Head of Marsh's Emerging Risks Group and US Cyber Consulting Leader, about the findings from this year’s report and what these insights mean for risk managers. They also discuss actions that risk managers should consider taking to prepare and respond to both short- and long-term risks and work towards building resiliency within their organisations. 

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Key takeaways

Look across timeframes to manage interconnected and multilayered risks.

In today’s era of permanent crises, organisations — and their risk managers — need to think across different risk horizons to better understand the challenges to their organisation and be able to make the needed adjustments to their broader risk strategy.

AI-fueled misinformation and disinformation may be the new normal.

Misinformation and disinformation pose significant challenges to organisations, including reputational damage, potential risks for directors and officers, and product liability. Risk managers should understand the potential impact of these risks on their organisation and their existing insurance program.

Strategic risk management needs to be high on organisations’ agenda.

Boards and executive committees that understand the importance of putting risk high on their organisations’ agenda are the ones most likely to succeed. Risk managers should challenge their understanding of the status quo and examine how changing risks could impact their organisation.

About out speakers

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Carolina Klint

Carolina Klint

Chief Commercial Officer, Marsh McLennan Europe

  • Sweden

Carolina Klint is Marsh McLennan’s Chief Commercial Officer for Europe, where she leads initiatives to define and implement growth strategies that unlock Marsh McLennan’s full potential and support sales enablement, client management, and technology innovation. She is a member of the Marsh McLennan Europe Executive Committee and serves as the company’s spokesperson for the World Economic Forum’s Global Risks Report. She joined Marsh in 2017 as CEO of Marsh’s Northwest Europe Region and was then appointed Risk Manager Leader for Europe in October 2020. She speaks frequently about risk and resilience, change management, and the importance of inclusive leadership as a keynote speaker, panelist, and guest lecturer.

Reid Sawyer

Reid Sawyer

Managing Director, Head Emerging Risks Group, Marsh

Reid Sawyer is a Managing Director heading Marsh’s Emerging Risks Group and is the US Cyber Consulting Leader. In his role, he actively advises numerous senior industry leaders, boards, and government leaders with particular emphasis on cyber, geopolitical, and strategic risk issues. Prior to Marsh, he joined JLT in 2015 as senior vice president, after a 22-year career in the US Army.

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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. LCPA 24/075