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Risk in Context Podcast: Planning for long-term global risks while dealing with current uncertainties

In this episode or hosts discuss some of the key findings in this year’s Global Risks Report and address several short- and long-term risks that organisations are facing.

Businesses today are navigating a complex landscape of rapidly evolving and interconnected risks, ranging from geopolitical tensions, extreme weather events, and the risks of widespread AI adoption.

This year's Global Risks Report, produced by the World Economic Forum with strategic support from Marsh and other partners, highlights the urgent need for organisations to reassess their risk management strategies, particularly in light of the increasing fragmentation of the global environment.

But in the current risk-fraught landscape, senior leaders might be challenged with making long-term plans while at the same time managing quickly evolving risks.

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 Risk Consulting Leader, and Graham Pearce, Global Defined Benefit Segment Leader for Mercer's Wealth Business. They discuss some of the key findings in this year’s Global Risks Report and address several short- and long-term risks that organisations are facing. James Crask, Global Head of Multinational Clients within Marsh Advisory, and Spiros Fatouros, Chief Executive Officer of Marsh McLennan Africa, also discuss pressing challenges that senior leaders must be aware of and prepared to address.

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Key takeaways

Balance short- and long-term risk perspectives

In a turbulent geopolitical and geoeconomic environment, leaders must allocate time to identify and quantify the potential impact of risks on the horizon, allowing them to proactively invest in risk management and remain resilient to future challenges.

Recognise the interconnected nature of risks

Today’s risks are interconnected and layered. In order to effectively navigate potential challenges, organisations should use scenario planning and similar exercises to understand and analyse the range of possible impacts.

Leverage technology to manage and mitigate risks

Advanced technologies can help organisations identify the most pressing challenges, including talent shortages, productivity issues, and supply chain chokepoints. However, it’s critical to understand the risks that new technologies could introduce and to implement strategies to mitigate these challenges.

About our speakers

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 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. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change.

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