News - Markets & trends

Leadership, benefits, and technology risks top of mind for risk and HR professionals

Based on responses from more than 1,000 risk and HR professionals nationwide, the People Risk 2024 Report released by Mercer and Marsh, businesses of Marsh McLennan (MMC), revealed that ineffective leadership is viewed as the biggest people risk facing organizations today, followed by improper rewards decision making, and increasing health and benefit costs. Risk managers also identified a lack of cybersecurity knowledge and mismanagement of AI as key people threats in 2024.

Drug drivers – a risk on the European roads that draws increased concern

In Austria, the probability of meeting a drug driver on the road is high. A recent study shows a further increase in drug drivers by at least 23% in the last twelve months. Yet, only around 3% of them were reported as such, an articles published by the Austrian Association of Insurers (VVO) reads.

The Global Risks Report 2024: nearly two-thirds of respondents expect a stormy or turbulent outlook over the 10-year time horizon

As we enter 2024, 2023-2024 GRPS (Global Risks Perception Survey) results highlight a predominantly negative outlook for the world over the next two years (84% respondents are concerned) that is expected to worsen over the next decade (92% are pessimistic), according to the Global Risks Report 2024, developed by the World Economic Forum in collaboration with Zurich and Marsh McLennan.

Global Risks 2024: Disinformation tops Global Risks 2024 as environmental threats intensify

The World Economic Forum’s Global Risks Report 2024 produced in partnership with Zurich Insurance Group and Marsh McLennan warns of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. Against a backdrop of systemic shifts in global power dynamics, climate, technology and demographics, global risks are stretching the world’s adaptative capacity to its limit.

2024: A year of political turmoil and economic uncertainty

The year 2024 is set to be one of significant political upheaval and economic instability. As countries representing 60% of the global GDP head to the polls, governments, businesses, and households are adopting a widespread 'wait-and-see' attitude that will likely delay critical economic decisions.

Munich Re: Series of billion-euro market losses due to natural catastrophes in Europe

Insurance markets currently have to cope with growing uncertainty: inflation, geopolitical crises, rising cyber risks, and an increased frequency and severity of natural events, also in Europe where we have seen an unprecedented series of natural catastrophe losses exceeding the 1-billion-euro mark this year. These changes will be at the center of the upcoming renewal discussions, Munich Re stated anticipating the reinsurers’ meeting in Baden Baden.

Swiss Re: New digital risks call for insurance innovation

Digitalization is a source of new growth, new risks and new efficiencies for the insurance industry. Digital value creation has led to an increase of firms' intangible assets, including digital data. At the same time, increased dependency on digital infrastructure makes such assets more vulnerable, for example to business interruption and cyberattacks. In its latest sigma study, "The economics of digitalization in insurance", Swiss Re Institute finds that potential benefits across countries and throughout the insurance value chain are far from exhausted.