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Global risk interconnections challenge business resilience

April 22, 2019

Risks facing any business are always in motion, noted Zurich North America’s Head of Risk Barry Franklin. Is your business prepared?

Interconnected risks

Cataloging an increasingly complex and interconnected risk landscape is the continuing mission of the World Economic Forum’s (WEF) Global Risks Report. The findings of WEF’s Global Risks Report 2019 and past editions confirm that effective risk management requires taking interdependencies between risks into account and adopting a truly holistic business resilience perspective and approach.

Zurich North America Head of Risk Barry Franklin recently wrote in Leaders magazine about his responsibility for ensuring adherence to Zurich’s risk policy and advising Zurich’s leaders with respect to balancing business strategy and risk-taking. He is also responsible for promoting risk awareness throughout the organization, a function for which the Global Risks Report can be particularly helpful.

Zurich’s role as a strategic partner in the production of the Global Risks Report allows the company to contribute to the dialogue surrounding global risks, to help identify the things that keep customers up at night and to share guidance that can help them mitigate those risks.

“The report has something for everyone interested in managing risk,” Franklin noted in his Leaders magazine article. He also highlighted some of the risks that are likely to have the greatest impacts for Zurich and its customers.