Turmoil in emerging markets, increased localization of internet networks within country borders and financial repression are some of the risks identified in this year's Swiss Re SONAR "New emerging risk insights" report.
The report offers insights into emerging risks, those newly developing or evolving risks whose potential impact and scope are not yet fully acknowledged.
The report also highlights human-induced earthquakes, mass migration, a crisis of trust in institutions, and technology-related topics, such as the rise of precision medicine and distributed energy generation.
Anticipating future risks
"Risk management is not just about managing risks in the present. It is about anticipating future ones to make sure we will be in a position to deal with them," says Patrick Raaflaub, Swiss Re's group chief risk officer. "These risks may only fully reveal themselves to future generations. That doesn't mean that we shouldn't act today to reduce uncertainty and alleviate their burden."
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