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

Sep 2023

Global Risk Review

First cyber insurance law case in Germany

In a significant legal precedent, a regional court in Germany has delivered the first judicial decision concerning cyber insurance in the country.

Intellectual property disputes are a major driver of digital health claims

Intellectual property (IP) claims account for almost a fifth (18%) of the claims made by digital healthcare providers.

Working with AI linked to risks of loneliness and insomnia

Employees who frequently interact with AI systems are more likely to experience loneliness that can lead to insomnia and increased after-work drinking, according to a new research published by the American Psychological Association.

Climate litigation more than doubles in five years

The total number of climate change court cases has more than doubled since 2017 and is growing worldwide, according to a new report released by the UN Environment Programme (UNEP) and the Sabin Center for Climate Change Law at Columbia University.

Cheaper to mitigate deforestation risk, yet companies avoid action

Companies acknowledge that it is cheaper to mitigate risk caused by deforestation but just one in 10 report taking sufficient action to do so, according to a new report published in July 2023.

US: Health insurer accused of rejecting claims using AI algorithm

US health insurer Cigna has been accused of automatically rejecting thousands of claims by using AI based algorithms although the California law requires each of the claim to be examined individually.

A shake-up in asset and wealth management sector imminent by 2027

One in six asset and wealth management firms globally are expected to be ‘swallowed up’ or fall by the wayside by 2027 due to ‘existential challenges’, according to a new global survey by professional services firm PwC.

Risks to global food supplies rising

Threats to global food supplies are on the rise as climate change and associated events ravage agriculture production across the globe.

Global anxiety levels are declining

Even as global challenges are mounting, the world seems to be a little less anxious than previously according to a new report by Deloitte.

ESG credit indicators no longer part of reports

S&P Global Ratings will no longer publish ESG credit indicators for publicly rated entities in its reports.

Climate risk to crops is underestimated

The risks of agricultural harvest failures in multiple global breadbaskets have been underestimated by the world, according to a new study.