Global concerns about the impact of climate change took center stage during the United Nations’ Climate Change Conference, COP28, where government leaders from nearly 200 countries reached an unprecedented deal to start transitioning away from fossil fuels.
In this episode of Risk in Context, Marsh’s Amy Barnes, Nick Faull, and Scott Williams, and Marsh McLennan’s Swenja Surminski discuss learnings from the conference and what these mean for businesses and their risk managers, share some of the actions that organizations are already taking or should be considering, and talk about expectations for 2024.
You can access a transcript of the episode here.
Download Marsh’s From Risk to Resilience: Adapting to a changing climate.
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Growing demand for clean energy is leading to a significant increase in interest and investment in renewable energy initiatives, with US$358 billion invested worldwide in renewable energy projects in the first half of 2023. In the United States, the Inflation Reduction Act is driving substantial economic investment through tax incentives that aim to lower the costs of renewable energy projects. These are attracting foreign entities interested in participating in the clean energy transition. However, investing in these large-scale projects can pose unique challenges, especially for those investors unfamiliar with the specific risks associated with these ventures.
In this episode of Risk in Context, Marsh’s Alex Ackermann, Doug Halvorson, and Ben Roberts, together with Oliver Wyman’s Mei Shibata, discuss the questions that foreign investors tend to ask as they embark on renewable energy investments in the US, talk about the potential risks to be aware of, and share strategies to be considered when managing these exposures.
You can access a transcript of the episode here.
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Many cities around the world are experiencing significant changes, in part due to transformative technologies, the evolving nature of work, and shifting requirements. These are bringing new risks and also opportunities for real estate owners and developers, and demanding more purposeful urban planning and action to develop buildings that suit the lifestyle of future residents and visitors.
In this episode of Risk in Context, Rory Heilakka, a Partner at Oliver Wyman, speaks with Nikki Greenberg, the Founder and Chief Innovation Officer of Real Estate of the Future and a real estate futurist and innovation strategist, who spoke at the recent 2023 Marsh Global Real Estate & Hospitality Conference. They discuss the changes taking place in cities, the opportunities real estate owners and developers should seek to capitalize on, and the risks that cities of the future pose and may need to be managed.
You can access a transcript of the episode here.
Access insights from the 2023 Marsh Global Real Estate & Hospitality Conference and download Oliver Wyman’s A-Gen-Z report.
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Stretched supply chains, changing consumer preferences, and a shift to online retail are putting increased pressure on marine, cargo, and logistics companies, which are integral in the delivery of items from their point of origin to end customers, especially during the busiest shopping times of the year.
In this episode of Risk in Context, Marsh’s Marcus Baker, Janelle Griffith, Dirk Segers, and Thiago Gonçalves discuss the evolution of the maritime and logistics ecosystem, the multiple challenges that are impacting global supply chains, and share opportunities and actions that risk managers and senior leaders should consider in order to build a more resilient and agile organization.
You can access a transcript of the episode here.
Download Marsh’s Marine, cargo, and logistics trends report 2023.
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The automotive industry is going through a major transformation, with manufacturers focusing on the electrification of vehicles and autonomy. And while these major automotive advances will bring a range of opportunities, they will also create new risks.
In this episode of Risk in Context, Marsh’s Trevor Smith, David Carlson, and Didem Canturk, and Oliver Wyman’s Andrew Duhancioglu discuss the evolution taking place within the advanced automotive sector, the opportunities that this brings, and share advice on how to identify, quantify, and mitigate the risks.
You can access a transcript of the episode here.
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The construction industry is evolving at a fast pace, with several organizations using innovative technology, pioneering methods, and new materials to respond to a variety of challenges. Marsh’s Richard Gurney and Avi Khanna and Cheri Hanes, from AXA XL, discuss how groundbreaking technologies can help construction sites become safer and more efficient, and explore the various procurement and adoption factors that need to be considered. They also discuss how the data from new technologies can help underwriters price risk.
You can access a transcript of the episode here.
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The COVID-19 pandemic triggered major workplace transformations. Although the pandemic is over, many organizations have introduced hybrid work practices. And while this allows for more work-life balance, it has also introduced new risks for employers, ranging from at-home ergonomic injuries with potential compensability challenges to learning gaps and collaboration difficulties.
This episode of Risk in Context addresses the challenges that the new world of work has brought and discuss the strategies employers can apply to mitigate these risks.
You can access a transcript of the episode here.
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Embedded insurance — coverage that is tagged on to the purchase of a non-insurance product or service — is increasingly a key component of what we all subscribe to, lease, share, or buy. But embedded insurance programs provide benefits that go well beyond a warranty.
Marsh’s Rami Soysa and Oliver Wyman’s Tim O’Connor discuss how embedded insurance programs are transforming risk management and helping companies take preemptive action to mitigate their risks.
You can access a transcript of the episode here.
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Catastrophic wildfires and bushfires have impacted people and businesses in many parts of the world, leading to loss of life, evacuations, and damage or destruction to properties and infrastructure.
In this episode of Risk in Context, Marsh’s Catherine Osborne, Fernando Lopes Chaves, and Maggie Carlin, as well as Guy Carpenter’s Mark Hope discuss the actions that organizations and individuals can take to keep people and properties safe, assessing wildfire risk, and the increased difficulties securing coverage for wildfire risk in California.
You can access a transcript of the episode here.
You can listen to When faced with fire here.
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Market volatility and a difficult financing environment have contributed to a slowdown in global merger and acquisition (M&A) activity, following a very busy 2021. But with appetite for merger and acquisition (M&A) activity expected to increase through the rest of the year, buyers should focus on employing comprehensive risk management strategies to identify potential risks and address them ahead of a purchase. Marsh’s Alastair Lowry, Suzanne Jones, and Scott Brady discuss the risks that buyers should be aware of and share some tools to improve the M&A process.
You can access a transcript of the episode here.
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Despite efforts by many organizations to address diversity, equity, and inclusion — or DE&I — issues, gaps and challenges remain. Marsh’s Santonio Isom talks with Julie Minor, also from Marsh, Tara Lessard Webb, from Intact Insurance Specialty Solutions, and Robert Cartwright Jr., from Bridgestone Retail Operations, on the recent advances in DE&I, some of the barriers that remain, and meaningful actions that organizations can take.
In this episode of Risk in Context, we also hear from Angela Lee, from the Asian American Insurance Network, Omari Jahi Aarons, from the National African American Insurance Association, and JP Navarro, from the Rainbow Risk Alliance.
You can access a transcript of the episode here.
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The aviation industry has, for some time, been grappling with significant workforce shortages, including pilots and mechanics. Aside from the potential impacts on both business and personal travel, this shortage of human capital can also disrupt global supply chains, and make disaster response and recovery efforts more challenging.
Marsh’s Andy James and Geoff Murray, Oliver Wyman’s Geoff Murray, and Mercer’s Geoff Smith discuss the ongoing challenges, the impact they have on the industry, and actions that organizations can take to address and minimize this risk both in the short- and long-term.
You can access a transcript of the episode here.
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Calls for companies to provide climate-related financial disclosure are growing, with regulators, investors, insurers, and others increasingly looking for robust climate self-reporting. Marsh’s Dr. Bev Adams and Randal Waters discuss the evolving nature of climate risk and how the information generated for disclosure can help businesses understand their exposures and take the most effective action to mitigate their risks.
You can access a transcript of the episode here.
Download a copy of our Climate disclosures playbook here.
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Tropical storms — whether hurricanes, typhoons, or cyclones — can bring significant destruction as affected regions are hit by heavy rain, strong winds, or extreme flooding. Marsh colleagues discuss the actions that business leaders should be taking to prepare for storms, practices that should be put in place to aid recovery, and how companies can streamline a claims process.
You can access a transcript of the episode here.
Visit our Hurricane Resource Center for more information on preparing for storms.
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Marsh’s Dan Aronson, Chetna Gulati-Kapoor, Bill Liebler, and Mike Snyder discuss what is leading to increased frequency and severity of nuclear verdicts, the issues contributing to social inflation, and the challenges they can pose to organizations in the US and beyond. They also share actions that organizations can take to mitigate and manage their risks.
You can access a transcript of the episode here.
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Marsh’s Diana Accordi, Corinne Boeri, Elvira Lacalle Bertand, and George Scaglia, multinational advisory leaders in different countries, discuss the trend of organizations moving away from global programs and instead opting to purchase the needed insurance in a specific country or region. They also talk about the potential risks of moving away from a global program and share advice on how to improve a program overall.
You can access a transcript of the episode here.
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Marsh’s Funké Adeosun and Mike Kolodner, Thi Lee, from Pine Gate Renewables, Lorena Torres, from Clearway Energy, and Joe Meaney, from AES Corporation, discuss challenges that renewable energy companies are facing as they seek to fulfill lenders’ insurability requirements and the increasingly important role that risk managers play in helping companies identify and manage their risks.
You can access a transcript of the episode here.
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Brian Warszona, Marsh’s UK Cyber Deputy Practice Leader, Rachel Lavender, Marsh’s Southeast Zone Cyber Practice Leader, Philippe Cotelle, who sits on the board of the Federation of European Risk Management Associations, and Jamil Farshchi, Chief Information Security Officer at Equifax, discuss three common cyber insurance myths.
You can access a transcript of the episode here.
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Marsh’s Craig Schioppo, Craig Warnke, Hans Swolin, Leo Flindall, Kane Sim, and Haoren Fu discuss the growing transactional risk insurance market and trends seen in different regions, and they share advice on how to manage transactional risks in 2023 and beyond.
You can access a transcript of the episode here.
Download the Transactional risk insurance 2022: Year in review report.
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Marsh’s Tom Quigley, Larry Liu, Jackie Quintal, Jaymin Kim, and Sam Tiltman discuss the challenges and opportunities that technology companies are facing and how they are adapting to continue growing, including through investments in digital assets, the metaverse, and autonomous mobility.
You can access a transcript of this episode here.
Download the Global Technology Industry Risk Study 2023.
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In this bonus episode of Risk in Context, Reid Sawyer, head of Marsh’s Emerging Risks Group and US cyber risk consulting leader, discusses the findings from the Global Risks Report with Robin A. Kemper, a senior risk engineer with Zurich Resilience Solutions, during Zurich’s Future of Risk podcast, moderated by David Hilgen.
You can access a transcript of this episode here.
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Marsh’s Kerri Petri, Bryan Berkman, Stephanie Manson, and Matt McLellan discuss trends in the directors and officers liability (D&O) insurance market and emerging risks that organizations need to aware of.
You can access a transcript of this episode here.
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This year’s Global Risks Report — prepared by the World Economic Forum with the support of Marsh McLennan and others — has highlighted the likely increase of polycrises as interacting risk events compound each other. Carolina Klint, Marsh’s risk management leader for Europe, Richard Smith-Bingham, executive director of Marsh McLennan Advantage, Amy Barnes, head of Marsh’s Climate and Sustainability Strategy, Sam Glick, global leader for health and life sciences at Oliver Wyman, and Ravin Jesuthasan, global leader of Mercer’s Transformation Services, discuss some of the findings of this year’s report and main takeaways from the World Economic Forum’s annual meeting in Davos when it comes to climate and sustainability, the transforming healthcare environment, and our changing workplaces.
You can access a transcript of this episode here.
Download the 2023 Global Risks Report.
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Marsh’s Ellen Charnley and Lorraine Stack discuss the role that captives can play in supporting organizations’ environmental, social, and governance goals and how they can be a critical component of a business’s overall risk transfer plan.
You can access a transcript of this episode here.
Download Marsh’s ESG: Captive Solutions Guide.
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