The CRO Forum’s Emerging Risk Initiative continually scans the horizon to identify and communicate emerging risks facing the insurance industry which are expected to have a significant impact on the insurance sector within 1 to 10 years. Emerging Risks are risks which may newly develop or which already exist and are continuously evolving. They are characterised by a high degree of uncertainty in terms of impacts and likelihood and may have a substantial potential impact on underwriting, investments and/or operations of an insurance company.
All risks in the risk inventory have been reassessed and updated accordingly. The following changes were made to the new radar compared to 2024:
- ‘Climate Engineering and Storage Techniques’ and ‘Metabolic Syndrome’ have been removed as stand-alone risks. Their content is now integrated under ‘Climate Change – Transition Risk’ or captured within the major trend ‘Ageing and Health’.
- ‘Deterioration of Public Healthcare Systems’ has been introduced as a new risk.
- For various risks, the assessed impact and/or time horizon has changed. Notably, the impact has increased for ‘Economic Trade Conflicts & Sanctions’ and for ‘Space Risks’.
We hope you find the report useful and welcome your comments and feedback.