Swiss Re identifies 16 new risks that could create new risks and trigger “extreme impact”
The lack of funding of health care, weak infrastructure, supply chains in danger of breaking, natural disasters are increasing: these are some of the 16 “danger is emerging” and Members of the Swiss Re Group describes in his book SONAR as having the potential to trigger an unprecedented snowball effect for the entire world.
The world is constantly merging and this can lead to unpredictable results. For example, natural disasters cause property destruction and loss of life, but the consequences can be just as bad. Fire can damage or make water sources inaccessible. Floods and storms can disrupt the power grid and disrupt the transportation network, shutting down factories and production. If infrastructure is affected, for example a digital currency created, or the supply chain of goods, the number of damages can be huge.
THE climate change and the crisis of international trade, as Swiss Re argues, has an impact on the current health care system under pressure due to the constant lack of funds in all countries of the world, including those with high incomes such as Italy but it is the United Kingdom. Access to water or sanitation or the availability of products such as medicine may be affected due to an emergency. And this, in addition to representing damage itself, causes other damages such as an increase in health expenses, lack of opportunities and shortage of workers. The decline in health services increases the risk, not only because delays or lack of care contribute to increased morbidity and mortality in individuals, but because they making society as a whole weak and evil.
After the disruption of international trade during the pandemic, the report also said that the security of the supply network has become a priority. Unfortunately, attention returned to short-term price reductions although, as the Red Sea crisis shows, international trade remains weak. Indeed, due to geopolitical uncertainty, uncertain economic prospects, adverse weather events, new IT and technological risks, it will songs and ways that leaders give to the world will be less safe. In this case, greater community stability should be high on the agenda. Also because, if the risks accumulate or coincide, the negative economic effects can become incalculable.
“We live in a world of interconnected crises, which in turn can trigger new risks,” said Patrick Raaflaub, chief risk officer of Swiss Re Group. “It is very important for those who react to anticipate trends and understand how major global issues, such as climate change, economic uncertainty or geopolitical turmoil, can affect not only domestic work but also society in general.”