Marsh’s Carolina Klint Discusses Need for Resilience Focus in Risk Response

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In this article from BRINK, Carolina Klint, Risk Management Leader, Continental Europe, Marsh, discusses how many organizations are caught unprepared for the impact of polycrises—multiple events occurring close together in time, space or both. Guy Carpenter and Marsh are both businesses of Marsh McLennan.

As highlighted in the 2023 Global Risks Report—published by the World Economic Forum in collaboration with Marsh McLennan—the likelihood of polycrises increases as interacting risk events compound one another, resulting in impacts that greatly exceed the sum of their parts.

Carolina goes on to explain how this is forcing many business leaders, policymakers and other societal stakeholders to refocus their resilience approaches to manage today’s crises while simultaneously preparing for future risk conditions.

In much the same way that risks themselves interact, early and effective actions aimed at increasing resilience can also have a compounding effect. Adopting a refreshed, proactive and inclusive resilience mindset can lead to actions in one area taking on a multiplier effect on overall preparedness.

Resilience Mindset Needed in Response to Compounding Global Risks

The Global Risks Report

The Global Risks Report 2023, published by the World Economic Forum in collaboration with Marsh McLennan, examines how widening geopolitical, economic, and societal fissures will trigger and exacerbate crises to come.