Global Risks Report

Giver overview of major public risks e and their background, based on survey under and interviews with leaders from government, business, civic society and science.

The Global Risks Report is part of an expanded Global Risks Initiative launched by the Forum this past year that includes sustained analysis at the global, regional and industry levels.

It is this qualitative and quantitative study of global risks, conducted in partnership with members of the business, academic and public-sector communities, that we hope will help bring stakeholders together in developing sustainable, integrated solutions to the world’s most pressing challenges.

Global Risks Report 2020

14 January 20202020, Global Risks Report, Public Risk, Report

The report is published as critical risks are manifesting. The global economy is facing an increased risk of stagnation, climate change is striking harder and more rapidly than expected, and fragmented cyberspace threatens the full potential of next-generation technologies — all while citizens worldwide protest political and economic conditions and voice concerns about systems that exacerbate inequality. The challenges before us […]

Global Risks Report 2019

16 January 20192019, Global Risks Report, Public Risk, Report

World Economic Forum The report is published against a backdrop of worrying geopolitical and geo-economic tensions. If unresolved, these tensions will hinder the world’s ability to deal with a growing range of collective challenges, from the mounting evidence of environmental degradation to the increasing disruptions of the Fourth Industrial Revolution. The report presents the results of our latest Global Risks Perception […]

Global Risks Report 2018

17 January 20182018, Global Risks Report, Public Risk, Report

World Economic Forum Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain we are placing on many of the global systems we rely on. Preface “The […]

Global Risks Report 2017

14 January 20172017, Global Risks Report, Public Risk, Report

World Economic Forum Published as the 12th annual edition by the World Economic Forum, this year’s findings are testament to five key challenges that the world now faces. The first two are in the economic category, in line with the fact that rising income and wealth disparity is rated by GRPS respondents as the most important trend in determining global developments […]

Global Risks Report 2016

14 January 20162016, Global Risks Report, Public Risk, Report

World Economic Forum The report has been published on the14th of January 2016. In its 11th edition the World Economic Forum: “The report draws attention to ways that global risks could evolve and interact in the next decade. The year 2016 marks a forceful departure from past findings, as the risks about which the Report has been warning over the […]

Global Risks Report 2015

19 January 20152015, Global Risks Report, Public Risk, Report

World Economic Forum “London, United Kingdom, 15 January 2015 – The biggest threat to the stability of the world in the next 10 years comes from the risk of international conflict, according to the 10th edition of the Global Risks report, which is published today. The report, which every year features an assessment by experts on the top global risks […]

Global Risks Report 2014

16 January 20142014, Global Risks Report, Public Risk, Report

World Economic Forum “The Global Risks 2014 report highlights how global risks are not only interconnected but also have systemic impacts. To manage global risks effectively and build resilience to their impacts, better efforts are needed to understand, measure and foresee the evolution of interdependencies between risks, supplementing traditional risk management tools with new concepts designed for uncertain environments. If […]

Global Risks Report 2013

6 February 20132013, Global Risks Report, Public Risk, Report

World Economic Forum The report analyses 50 global risks in terms of impact, likelihood and interconnections, based on a survey of over 1000 experts from industry, government and academia. This year’s findings show that the world is more at risk as persistent economic weakness saps our ability to tackle environmental challenges. The report highlights wealth gaps (severe income disparity) followed by […]

Global Risks Report 2012

5 February 20122012, Global Risks Report, Public Risk, Report

World Economic Forum Quote: “Economic imbalances and social inequality risk reversing the gains of globalization, warns the World Economic Forum in its report Global Risks 2012. These are the findings of a survey of 469 experts and industry leaders, indicating a shift of concern from environmental risks to socioeconomic risks compared to a year ago. Respondents worry that further economic […]

Global Risks Report 2011

12 January 20112011, Global Risks Report, Public Risk, Report

World Economic Forum “The financial crisis has drained the world’s capacity for dealing with shocks. The frequency and severity of risks to global stability have amplified, while the ability of global governance systems to deal with them has not. The world is in no position to face major, new shocks. The financial crisis has reduced global economic resilience, while increasing […]

Global Risks Report 2010

24 January 20102010, Global Risks Report, Public Risk, Report

“Forty years ago, the inaugural Meeting of what would later become the World Economic Forum Annual Meeting was held in Davos. At this historic milestone in the life of the organization comes the fifth edition of the Forum’s Global Risks Report, Global Risks 2010. Throughout its previous editions, this report has outlined some of the top issues most likely to come […]

Global Risks Report 2009

15 January 20092009, Global Risks Report, Public Risk, Report

World Economic Forum Preface by Klaus Schwab, Founder and Executive Chairman World Economic Forum “2009 will be a year of learning the lessons of the financial crisis; a year where its reach in terms of time and scope becomes more evident; a year that calls for a new financial architecture to be shaped. At the same time, it will be […]

Global Risks Report 2008

10 February 20082008, Global Risks Report, Public Risk, Report

World Economic Forum “Over the last year, a series of risk issues – from the liquidity crisis in the financial markets to the emerging concerns over the long-term security of food supply – have focused global attention on the fragility of the global system. An awareness of risk and risk management is increasingly viewed as a prerequisite for effective control […]

Global Risks Report 2007

16 February 20072007, Global Risks Report, Public Risk, Report

World Economic Forum “At the core of this year’s overview of risks to the global community over the next decade is a fundamental disconnect between risk and mitigation. Expert opinion suggests that levels of risk are rising in almost all of the 23 risks on which the Global Risk Network has been focused over the last year – but mechanisms […]

Global Risks Report 2006

6 February 20062006, Global Risks Report, Public Risk, Report

World Economic Forum Towards a more sophisticated understanding of global risks This document summarizes the output of a collaboration between the World Economic Forum, MMC (Marsh & McLennan Companies, Inc.), Merrill Lynch and Swiss Re, in association with the Risk Management and Decision Processes Center of the Wharton School at the University of Pennsylvania, on the topic of Global Risks. […]

Global Risks to the Business Environment (2005)

4 May 20052005, Global Risks Report, Public Risk, Report

World Economic Forum Global Risks to the Business Environment “This paper, the output of two workshops organized by the World Economic Forum in collaboration with Merrill Lynch, reviews major, global risks facing business leaders today, and examines how those risks differ from the challenges of the past. Some key points: 1) Global Risks and Business At a time when risks […]

In the news

Sigma Resilience Index 2020

Irina Fan, Patrick Saner, Thomas Holzheu, Fiona Gillespie The world economy’s resilience is being shaken by the COVID-19 crisis as countries deplete their fiscal and monetary reserves. Our latest annual resilience indices show profound shifts in economic and household resilience from the COVID-19 pandemic. The crisis is expected to reduce global macroeconomic resilience by close to 20% in 2020 as governments […]

The looming risk for banks: biodiversity loss

Society faces a critical juncture in one of the defining challenges of our time: the loss of biodiversity. It places severe costs on our economy. Stakeholders require information regarding their exposure to nature-related risks, and how entities are improving resilience across strategic, operational and financial dimensions. But how does biodiversity loss impact financial institutions? Read more

Lessons in contract certainty

Strategic Risk. Contract certainty is always important for businesses, but the coronavirus crisis has shone a light on just how risky it can be when things go wrong. The consequences when contract certainty is not in place can be severe, as Martin Hegelbach, Head Property & Specialty at Swiss Re Corporate Solutions, explains. Read more

IIA Unveils New Three Lines Model

Matt Kelly The Institute of Internal Auditors has unveiled a revamped version of its famed Three Lines of Defense model for risk assurance. Perhaps the most notable change: no longer calling it the Three Lines of Defense. Instead, the IIA guide is now officially known as “The Three Lines Model” — a nod to criticism over the years that the word “defense” […]

SONAR 2020: New emerging risk insights

The SONAR report of Swiss Re Institute informs and inspires conversations about emerging risks, so the re/insurance industry can continue to build resilience also in turbulent times. The COVID-19 pandemic has accelerated new emerging risks and trends, but the current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low carbon future. […]

Essays

IIA Unveils New Three Lines Model

Bruno Latour: ‘This is a global catastrophe that has come from within’

Jonathan Watts The influential French thinker explains the politics of the Gaia principle, the problems of post-truth and how coronavirus gives us a model for spreading ideas. Some say this is the revenge of nature. That is silly. Anyone who has studied the history of medicine knows how a virus can make a society feel completely different. We are on […]

The light of risk management has dimmed

Jack Kruf* The world of risk management is a special world. There are many methods and techniques, software programs, standards, surveys and especially experts. It is a true cloud that hangs above us, of concepts, of supposed uncertainties, unknowns, forces we do not seem to know, of black swans, sometimes also white swans, of dangers that seem to circle like […]

Developing an effective Governance Self-Assessment Instrument

Dr. Simon Grima [1] and Dr. Rebecca Dalli Gonzi [2] Stakeholders’ (of both private and public organisations) trust in the effectiveness and ability of the Board of Directors (‘BOD’) depends on factors such as transparency and clear accountability. Therefore, measuring the effectiveness of these factors is essential. However, how can we do this and against what benchmark/s? Should we consider […]

The Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System

Bernard Avishai Nassim Nicholas Taleb is “irritated,” he told Bloomberg Television on March 31st, whenever the coronavirus pandemic is referred to as a “black swan,” the term he coined for an unpredictable, rare, catastrophic event, in his best-selling 2007 book of that title. “The Black Swan” was meant to explain why, in a networked world, we need to change business practices and […]

Books

Uncertainty and Challenges in Contemporary Economic Behaviour

Ercan Özen and Simon Grima* Every day presents new challenges as the face of global economics changes. But in a world of uncertainty, how is the world of finance and economics adjusting to address these new issues? In this first book in the Emerald Studies in Finance, Insurance, and Risk Management, expert contributors from around the world come together to discuss and address […]

Deciding: Making even better decisions

Roger Estall and Grant Purdy have recently published a book on decision-making called Deciding. Written to help decision makers (we call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of their organisation, and being sufficiently […]

Economics in the Time of COVID-19

Edited by Richard Baldwin and Beatrice Weder di Mauro | CEPR Press COVID-19 is spreading human suffering worldwide; that is what we should all be focused on. But we are not doctors. We are economists – and COVID-19 is most definitely spreading economic suffering worldwide. The virus may in fact be as contagious economically as it is medically. Joining the OECD’s dire growth forecast […]

Trust in Regulatory Regimes

Edited by Frédérique Six and Koen Verhoest Within political and administrative sciences generally, trust as a concept is contested, especially in the field of regulatory governance. This groundbreaking book is the first to systematically explore the role and dynamics of trust within regulatory regimes. Conceptualizing, mapping and analyzing trust between regulators, regulatees and citizens, expert contributors systematically review the existing […]

Upheaval: Turning Points for Nations in Crisis

Jared Diamond | Little, Brown and Company A “riveting and illuminating” (Yuval Noah Harari) new theory of how and why some nations recover from trauma and others don’t, by the Pulitzer-Prize-winning author of the landmark bestsellers Guns, Germs, and Steeland Collapse. In his international bestsellers Guns, Germs and SteelandCollapse, Jared Diamond transformed our understanding of what makes civilizations rise and […]

Reports

Quels sont les nouveaux challenges du Risk Manager ?

L’étude «The European Risk Manager Report 2020» de FERMA en partenariat avec PwC, est publiée tous les 2 ans et permet de mieux comprendre l’évolution du rôle, des enjeux et des activités des Risk Managers, d’identifier leurs priorités et de mettre ces éléments en perspective à l’échelle européenne. Cette enquête a réuni les témoignages de 764 Risk Managers à travers 34 pays. […]

Sigma Resilience Index 2020

The IIA’S Three Lines Model

Organizations are human undertakings, operating in an increasingly uncertain, complex, interconnected, and volatile world. They often have multiple stakeholders with diverse, changeable, and sometimes competing interests. Stakeholders entrust organizational oversight to a governing body, which in turn delegates resources and authority to management to take appropriate actions, including managing risk. For these reasons and more, organizations need effective structures and […]

McKinsey on Risk

Thomas Poppensieker | Chair, Global Risk Editorial Board McKinsey & Company “Our ninth issue of McKinsey on Risk arrives amid the greatest global crisis since the Second World War. McKinsey and the Risk Practice have been in constant conversation with healthcare, public-sector, and business leaders to help assess and meet the diverse challenges raised by the COVID-19 pandemic. As we go […]

FERMA European Risk Manager Report

FERMA/PWC We are pleased to present the results of the 2020 European Risk Manager Survey. The survey has taken place every other year since 2002 and represents the widest available picture of views of professional risk managers across Europe. The publication of the 2020 Survey is taking place in exceptional circumstances. Before the outbreak of the Covid-19 virus, we could […]