world economic forum global risks report 2018...published annually, the global risks report...
TRANSCRIPT
Published annually, the Global Risks report highlights the key economic, social and political risks and underlying trends that the world is likely to face in 2018. Using the insight of nearly 750 experts, this year’s report is broader than ever before with the events of 2017 having a clear impact on this year’s outlook.
The report cited that the number one challenge this year was
the need to address environmental issues including the loss
of biodiversity and extreme weather conditions. These factors
are already creating problems across the globe and the report
calls for a long term, multilateral response to help tackle global
warming and climate change.
Another key issue is managing cyber security risks. This will
be a big issue for many of our clients, with attacks against
organisations doubling over the past five years1. Our Cyber
Liability insurance is designed to cover the costs caused by a
cyber breach as well as protecting you against litigation, data
loss and business interruption.
On a more positive note, economic indicators suggest that
the global economy is gradually recovering from the global
economic crisis that began 10 years ago, however risks such
as unsustainable asset prices and elevated indebtedness
particularly in China continue to put financial strain on the
global economy.
Finally, the report highlighted the risks generated by an
increasingly fraught geopolitical phase. There is a need to re-
establish the state as the key seat of power as at present there is
no sign that the world’s major powers will converge and instead
there are increasing military tensions and changing domestic
political conditions. These factors will pose issues for a number
of organisations and to mitigate risks will require careful horizon
scanning and crisis resilience planning.
World Economic Forum Global Risks report 2018 –What does it mean for businesses?
1https://www.weforum.org/reports/the-global-risks-report-2018 www. ajginternational.com
©2018 Gallagher
We currently arrange specialist insurance and risk management
for a range of sectors, and can offer crisis resilience support and
insurance cover whether you are a small or large
multinational organisation.
It may be hard to predict how the following months will unfold, but
Gallagher are on hand to help you transfer, mitigate and manage
the risks created by this turbulent market. Not only do we support
your needs by offering comprehensive risk management solutions
and bespoke insurance cover, we also strive to keep you informed
on the latest developments through our unique thought leadership
pieces and sharing of relevant external sources.
To read the full World Economic Forum Global Risks report,
click here
If you would like to discuss any of the technologies or issues
brought up at the World Economic Forum, please get in touch with
your usual Gallagher representative.
About Gallagher
Founded by Arthur J. Gallagher in Chicago in 1927, Gallagher
has grown to be one of the leading insurance brokerage, risk
management, and human capital consultant companies in the
world. With significant reach internationally, our organisation
employs over 26,000 people and our global network provides
services in more than 150 countries.
Our people partner with businesses across countries and
international territories to provide relevant and impactful
professional advice. Regardless of what risk and human capital
challenges our clients have, we work hard and utilise industry
specific expertise to find the best solution and to deliver it with
world-class service.
We continue to build on 90 plus years of expertise that spans
global industries. No matter the size of the organisation we partner
with and the challenges presented by the industry, we work
tirelessly to provide solutions that maximise value for our clients.
Our values are core to our culture. Passionate service, strategic
innovation, and ethical behavior form the basis of how we
do business.
We help businesses go beyond their goals. It’s the Gallagher Way.
Conditions & Limitations
This bulletin is not intended to give legal or financial advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/or market practice in this area. In preparing this bulletin we have relied on information sourced from third parties and we make no claims as to the completeness or accuracy of the information contained. You should not act upon (or should refrain from acting upon) information in this bulletin without first seeking specific legal and/or specialist advice. Arthur J. Gallagher Insurance Brokers Limited accepts no liability for any inaccuracy, omission or mistake in this bulletin, nor will we be responsible for any loss which may be suffered as a result of any person relying on the information contained herein.
Arthur J. Gallagher Insurance Brokers Limited is authorised and regulated by the Financial
Conduct Authority. Registered Office: Spectrum Building, 7th Floor, 55, Blythswood Street,
Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909
FP193-2018 Exp 20/02/2019
The Walbrook Building | 25 Walbrook | London | EC4N 8AWGST
-214
6818
87