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.
