Navigating the unknown

In our rapidly evolving world, new risks are constantly emerging. They are, by definition, not well understood. There is scarcity of data, making it difficult to model and quantify their effect and often have significantly different dimensions in the developed and developing world.

Emerging Risks often evolve from a complex relationship between four main drivers: geopolitics, law and regulation, science and technology, and the environment. They tend to operate on a global level, and some, such as AI and Climate Change are on such a scale that they influence almost every aspect of life, in almost every country.

Others, such as PFAS, first become evident in a particular country or region and the principal challenge is to identify the potential for those risks to worsen or become systemic. Some are self-contained and can be managed by making changes to underwriting practice or policy wording. Others such as Cyber and sanctions, are systemic and require ongoing education across the whole business.

Each Emerging Risk follows a different path, some are driven by regulation, others take place in a regulatory vacuum, others are immature because the scientific and political debate is yet to translate into a discussion of loss and damage.

In all cases, Emerging Risks are prone to rapid fluctuation in speed and severity. They require continuous monitoring and adaptation and the principal challenge for global organisations facing these risks, is how to keep abreast of developments.

Here we share our insight on key areas to help you stay ahead of the curve. Explore the latest developments and gain valuable guidance on seizing new opportunities and managing risks effectively. Where there is opportunity, there is risk.

As the business landscape constantly evolves, you need a legal partner with an in-depth understanding of how to best address and navigate the risks you face. We bring our knowledge of navigating legal risk to help you succeed.

Spotlight on Emerging Risk drivers

Legal & Regulatory

Science & Technology

Environmental