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May 2024

Global Risk Review

Marine heatwaves have significant impact on microorganisms

Prolonged warm oceanic waters are altering the marine microorganism communities that form the base of the marine food chain according to new research.

Businesses struggling with net-zero plans

Large businesses around the world are struggling with their net zero plans, with barriers including fears of unfair scrutiny of climate efforts and how to address supply chains emissions, according to a survey by the Carbon Trust.

Will 2024 be a turning point for geopolitical risks?

The potential for political instability presents a major risk for 2024, with pre-existing grievances tied to the rising cost-of-living, food and energy insecurity, falling real incomes and high levels of debt generating more frequent acts of violence according to a new report by Howden.

AI chatbots 'lack safeguards to prevent spread of health disinformation'

Many popular AI chatbots, including ChatGPT and Google’s Gemini lack adequate safeguards to prevent the creation of health disinformation when prompted according to a new research.

India: Deepfakes and ransomware identified as imminent threats for 2024

AI-generated deepfakes, multi-factor authentication (MFA) fatigue attacks and complex ransomware incidents are likely to be the imminent threats for 2024 in India.

Tailored approach to health and wellness benefits is a better option

Multinationals can better address employee health concerns if they fully understand and consider the needs of all their employees.

Asia struggles to contain record e-waste

Asia’s per capita burden of junked ‘phones and other electronic and electrical gadgets is still low, but it struggles to contain this e-waste deluge that is gradually building up according to a new report by the UN.

AI improves global flood forecasting and extends alert time

A new study Global prediction of extreme floods in ungauged watersheds published in a recent issue of scientific journal Nature said that AI and machine learning technologies have significantly improved global flood forecasting, particularly in regions where flood-related data is scare.

US: Sinking shores and rising seas could impact 24 coastal cities by 2050

Flooding could affect one out of every 50 residents in 24 coastal cities in the US by 2050 according to a new study.

Insurers disasters

Both, people and planet, face the triple whammy from insurance companies underwriting and investing in projects that are increasing global warming, damaging the natural environment and failing to protect human rights according to a recent investigation report.

Appetite to write political violence risks is decreasing

Reinsurance capacity and the general appetite to underwrite political violence risks is reducing as insured losses from civil unrest grow according to a new report by Allianz Commercial.

Insurers plan to invest $5m in AI in 2024

Most insurance IT decision-makers (69%) plan to invest from $500,000 to $5m in AI in 2024 according to a new study.