Geopolitical Risk Snapshot 2024
Welcome to the inaugural edition of the Risk & Resilience Radar, our newsletter that shares the latest thought leadership on topical issues, emerging risks, and strategies for building resilience. In this edition, we explore rising geopolitical risks around the world, examining their impact on international business operations and offering insights on how firms can strengthen their resilience in this time of rising tensions.
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Shifting the geopolitical goalposts
In a pivotal year with elections in over 60 countries, the global political landscape is evolving as voters seek change in response to recent challenges. This shift brings uncertainty and risks for businesses, with 30% of global leaders identifying geopolitics as their top concern, an increase from 27% last year. Additionally, 70% of leaders are worried about the impact on international operations and trade. The global energy transition is a critical area, with a focus on the essential minerals and metals for renewable energy, particularly in Africa, where there is significant mining potential despite concerns over political stability.
To navigate these complexities and understand their implications for business, listen to our podcast for in-depth discussions on the geopolitical landscape, the energy transition, and the strategic importance of African mineral resources. Gain valuable insights and stay informed – listen to our podcast now for a comprehensive analysis.
Webinar: Navigating Geopolitical Risk in an Era of Heightened Global Tensions
As businesses grapple with the risks associated with increasing political violence, strikes, riots, civil commotion, rising employee tensions and deadly weapon attacks, our webinar explored what the current unpredictable environment means for businesses.
Panellists also discussed investment opportunities and risks in investing in the sourcing of critical metals and minerals in politically unstable regions of the world, as well as the role of insurance and the importance of robust contingency strategies for managing political risks.
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Watch the webinar here.
Beazley’s Straker and Westhoff: Nearly 33% of US Execs Cite Political Risk as Top Threat
In a video interview with AM Best, Beazley Focus Group Leader for US Political Violence & Deadly Weapons Protection, Lucy Straker , and Head of North American commercial property, Matthew Westhoff , discussed how recent college campus protests and upcoming political elections raise potential risks and business leaders’ concerns about growing violence. Watch the interview here.
Read our Geopolitical Risk Snapshot 2024 report – which looks at global business concerns and perceived preparedness for geopolitical risk
The information set forth in this communication is intended as general risk management information. Beazley does not render legal services or advice. It should not be construed or relied upon as legal advice and is not intended as a substitute for consultation with counsel. Although reasonable care has been taken in preparing the information set forth in this communication, Beazley accepts no responsibility for any errors it may contain or for any losses allegedly attributable to this information. BZCP062.