Global Risks Report Discusses Importance of Effective Data Usage, Monitoring

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The 18th edition of the Global Risks Report, published by the World Economic Forum in collaboration with Marsh McLennan, examines ways to mitigate current and impending risks, including through robust exchanges of data and collaborative monitoring processes. Guy Carpenter is a business of Marsh McLennan.

These approaches have already been established for some global risks (natural disasters, extreme weather events and terrorist attacks, among others). Further, open-source data and scenario development have helped increase the effectiveness of individual risk responses, such as the extensive work undertaken by the Intergovernmental Panel on Climate Change (IPCC) to develop a range of climate scenarios that has improved understanding, informed decarbonization strategies and allowed for collective alignment on science-based targets. However, efforts are more nascent or non-existent in other areas, such as the long-term trajectory and impact of transformative artificial intelligence (AI).

Greater collaboration across industries and between countries—in terms of coordinated funding, research and data sharing—is critical to help identify weak signals of emerging threats at both a national and global level.

For more about the need for deeper cooperation and its value in preparing for risk, read Re-building and strengthening global risk preparedness on page 72 of the report.

Effective modeling is a key tool in understanding and contending with catastrophic risk. Guy Carpenter analytics professionals provide critical measurement and insight in an industry where knowledge is a competitive advantage. Deeply specialized quantitative skills and sophisticated modeling assure that our clients are the best informed and best prepared to make franchise-changing risk and capital decisions.

Global Risks Report

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.