Lloyd’s has outlined emerging geopolitical risks and provided practical advice on how businesses can mitigate them as well as identifying opportunities for the insurance industry to help by developing solutions.
It proposes a series of steps such as assessing supply chain exposure and taking precautions to safeguard intellectual property (IP) and trade secrets against major cyber-attacks.
A new report, produced in partnership with the University of Cambridge’s Centre for Risk Studies, explores the changing geopolitical risk landscape over the last decade.
It focuses on the ten most pressing risks today: The Impact of COVID on Geopolitical Relationships; Greater Power Rivalry; Localism vs. Globalism; Multinationals at Risk; Terrorism and Armed Conflict; Cyber and the New Tech Arms Race; Social Discontent and Local Conflicts; Political Change; Politics vs. Economics of Climate Change; and Migration and Demographics.
The report says the…