Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2023

Global Risk Review

Top asset managers block pro-climate proposals

Nearly 50 environmental and social (E&S) shareholder proposals would have won majority support in 2022 if asset managers including BlackRock, State Street and Vanguard had voted for them, according to a new analysis.

Trauma of extreme weather events affects our brains

Extreme weather events induce psychological trauma which can have long-term impact on survivors’ cognitive functioning, according to a new study.

'New trilemma' of challenges for renewables-sector

Renewables will remain the darling of the global energy transition, yet risk managers will face multiple challenges arising from a ‘new trilemma’, according to Renewable Energy Market Review 2023 published by WTW.

Mental health a major claims risk for employers

Across the globe there has been a growing awareness of the importance of treating mental health as a factor in overall health and well-being yet substantial gaps in mental healthcare still persist, according to the latest report on employer-provided healthcare by Mercer Marsh.

Natural disasters caused $313bn economic loss in 2022

Climate change driven natural disasters caused global economic losses of $313bn in 2022, according to a new report by insurance broker Aon. Less than half of these losses were insured.

More than a third of the Amazon rainforest degraded by human activities

Ravaged by human disturbances, deforestation, drought and fires, over a third of the Amazon rainforest has been rapidly deteriorating, according to two new studies which have raised concerns that the rainforest with a unique ecosystem may be approaching a point of no return.

Cyber security will see an important evolution in 2023

A new report by Beazley predicted  13% y-o-y growth in ‘fraudulent instruction’ as a cause of loss and said  that from tactics to implications, cyber security will see a subtle but important evolution in 2023.

Rising risks for voluntary carbon credits users

The credibility risks for most carbon credits have been rising over the last few months, according to a new report by Sustainable Fitch.

Glacial lake floods threaten 15m people globally

Over 15m people, with more than half of these living in China, India, Pakistan and Peru, are at risk from flooding caused by glacial lakes, according to a new international study.

C-suites expect cyber attacks targeting financial data to increase

Cyber security attacks over the next 12 months will increasingly target critical and sensitive financial data stored by organisations, according to a new report released by Deloitte Center for Controllership.