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.
The major trends have been reassessed and updated. All risks in the risk inventory have been reassessed and updated accordingly. The following changes were made to the new radar compared to 2025:
- ‘Technological Power Concentration’ and ‘Ultra-Processed Food’ have been introduced as new risks.
- The risk ‘Skills Shortages and Reskilling’ has been renamed to ‘Workforce Dynamics’ to emphasise the broader context of this risk.
- For various risks, the assessed impact and/or time horizon has changed. Notably, the impact has increased to high for ‘Global Debt Crisis’. The time horizon has changed to already seen for ‘Artificial Intelligence’ and ‘Supply Chain Complexity’.
We trust this report will serve as a valuable resource and welcome your comments and feedback.