Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers. Providing insights on emerging risks over time, the 15th Annual Emerging Risk Survey is sponsored by the Joint Risk Management Section (JRMS) of the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).
The survey found that climate risk ranks as the highest emerging risk that respondents were concerned about at 26 percent, followed by cyber risks, financial volatility, demographic shifts and disruptive technologies. Risk managers also indicated that current risks on their minds include pandemics (27 percent), followed by climate risk and financial volatility.
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