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Podcast

Risk in Context Podcast: COVID-19’s Evolving Challenges

In this episode of Marsh’s Risk in Context podcast, James Crask, Resilience Advisory Lead within Marsh Advisory, Dr. Lorna Friedman, senior partner with Mercer Marsh Benefits, Tony Bahno, senior vice president within Marsh Advisory’s Consulting Solutions, and Karen Cargill, management liability specialist and EPL product leader within the Management Liability team of FINPRO UK, discuss the ongoing pandemic and the lessons that organizations and society have learned to become more resilient.

On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. Almost two years on, the world is still dealing with the health, economic, political, and social impacts of the virus.

In this episode of Marsh’s Risk in Context podcast, James Crask, Resilience Advisory Lead within Marsh Advisory, Dr. Lorna Friedman, senior partner with Mercer Marsh Benefits, Tony Bahno, senior vice president within Marsh Advisory’s Consulting Solutions, and Karen Cargill, management liability specialist and EPL product leader within the Management Liability team of FINPRO UK, discuss the ongoing pandemic and the lessons that organizations and society have learned to become more resilient.

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Key takeaways

Make radical changes to major risk preparedness.

Organizations should profoundly adjust how they prepare for major risks given recent events in order to improve their long-term resilience.

Test multiple risk scenarios.

It’s important for organizations to be more adventurous with the type of scenarios they’re planning for so they are better prepared for emerging and converging risks.

Take on a broad view of risks.

Organizations should not focus solely on protecting their business from the current crisis, but keep an eye on ever-present and emerging risks.

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