Skip to main content
Article

Top risks and megatrends – geopolitics and populism

Risk & Analytics
N/A

August 25, 2020

We collaborated with Airmic on its annual member survey, this report explores the impacts of geopolitics and populism on risk in the midst of the COVID-19 pandemic.
airmic-fest-logo
Willis Towers Watson at Airmic Fest

While the COVID-19 pandemic is primarily a problem of human health, it has carried inevitable consequences for geopolitics as well as domestic politics. After all, geopolitics is about how businesses sit within the economy, policy and geography, and the impact that events like pandemics have on this relationship.

All the other risks don’t go away – cyber-attacks, floods, earthquakes, terrorism incidents could all still occur.

If organisations can pre-empt the changes in the way businesses and the economy will operate in the ensuing six to 12 months, they can move from reacting into strategic planning. This will help to gain competitive advantage in the new normal and improve resilience. This is essential because all the other risks don’t go away – cyber-attacks, floods, earthquakes, terrorism incidents could all still occur. It isn’t all negatives – the COVID-19 experience may bring opportunities such as the opportunity to evaluate different and more cost-effective ways of working, build a more resilient society, larger home markets and establish more reliable supply chains.

Whatever the size of your organisation, geopolitical circumstances demand a high degree of engagement and understanding. Risk professionals need to be able to identify and understand geopolitical risks, their drivers and the connections between them, so they can mitigate the risks and seize new opportunities.

Different functions within businesses also need to look at these connected risks collectively and manage them using an integrated approach. They need credible and up-to-date information and relevant risk insight and analytics to see the potential impacts to their business. Risk leaders need to speak to their CEOs and boards about geopolitical risk.

With this in mind, Willis Towers Watson collaborated with Airmic on this study on risks and megatrends. We hope you will find this report useful.

Download
Title File Type File Size
Top risks and megatrends – geopolitics and populism PDF 3.9 MB
Contact

Global Client Relationship Director
Willis Towers Watson

Contact Us
Related content tags, list of links Article Risk & Analytics