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Apr 2023

Global Risk Review


UN security council hears the risks of sea level rise

Rising seas pose ‘unthinkable’ risks to billions around the world, with profound implications for security, international law, human rights and the very fabric of societies, the UN security council was informed as it held its first-ever debate on the phenomenon’s global implications.
 

 


A shift from risk coverage to risk reduction

Today’s insurance consumers want insurers to do more than help them when there is disruption but help them reduce and prevent risk too, according to a new report by Bain & Company published in February 2023.
 


India: Micro quakes have prevented large-scale disastrous temblors

Micro tremors have been helping release tectonic stress and protecting India from devastating events according to Indian seismologists. According to the Ministry of Earth Sciences, 59% of India’s land mass is prone to earthquakes.
 


Nearly half of cyber security experts will change jobs by 2025

A new report by Gartner predicts that by 2025 nearly half of cyber security experts will change jobs while 25% of these cyber security leaders will pursue different roles entirely due to workplace stress.
 


Japan: Record low birth rate adds to the woes of an ageing society


Employee mental health slips down in the list of workplace risks

Mental health and workforce exhaustion rank much lower priority-wise in a list of 25 risks ranked by HR and risk managers for a new People Risk Survey by Mercer Marsh Benefits.
 


Asia Pacific CEOs optimistic even as global CEOs remain pessimistic

Asia Pacific CEOs are more optimistic about growth in their regions as compared to global CEOs. They see upskilling, automation, digital and cloud transformation, rebalancing supply chains and decarbonisation as their top investment priorities, according to PwC’s 26th Annual Global CEO Survey.
 


Plastics polluting oceans are growing fast

The total number of plastic particles floating in the world’s oceans across all five sub-tropical gyres, costal Australia, Bay of Bengal and the Mediterranean is estimated to be a minimum of 5.25tn particles weighing 268,940 tons, according to a new research published by the journal PLOS One.
 


In almost 50% companies ChatGPT replaces workers

A recent survey has revealed that almost half (49%) of the participating companies have already replaced workers with ChatGPT, the AI tool that emerged on the scene only in November 2022.
 


Asia has worst air quality in the world

Less than 1% of the world’s population breathes pollution-free air – and Asian countries face some of the most severe health risks due to polluted air, according to a new study.
 


Global electronics industry at threat from semiconductor supply chain

Global electronics industry is likely to face a threat from semiconductor supply chain, according to a new report by Lloyd’s and WTW.