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You Talk Insurance: Managing the rising threat of geopolitical risks

Man-made risks such as market crash and cyber-attacks now account for 60 per cent of the total economic output at risk in major cities globally, says a report by the Centre for Risk Studies at Cambridge Judge Business School. The Lloyd’s City Risk Index tracked 279 cities around the globe, and shows a 16 per cent increase in GDP@Risk from last year. Professor Daniel Ralph, Academic Director of Cambridge Centre for Risk Studies, said: “One of the most prominent features of the index is the worldwide rise in geopolitical risk, driven in large part by the threat of interstate conflict and civil unrest. We are likely to see this trend continue on a global level.”

Read the full article [youtalk-insurance.com]