The World Economic Forum has released a report detailing the challenging risks facing the global economy this year. The report, published in cooperation with Citibank, MMC, Swiss Re, Zurich Financial Services and the Wharton School Risk Center, identifies what areas of risk are going to require focus in 2009.
As ever, environmental and climate risks feature heavily. Given the economic outlook the alternative risk transfer industries should be proactively trying to promote their alternative solutions to managing these risks for corporates worldwide. One thing the current economic climate should bring home to everyone is that risk management and governance needs to become embedded within organisations and be treated with the importance it requires.
You can read the press release here.
You can download the full report here (in Adobe PDF format).