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Insurers must pay attention to heightened geopolitical risk, Broadstone

June 26, 2024

Insurers can no longer avoid the need to explicitly quantify geopolitical risk in their pricing, modelling and risk management processes, says Broadstone, the independent pensions, employee benefits, investment and insurance consultancy.

Broadstone’s latest Insurance Risk Monitor states that the current decade is shaping up to be one of the most unprecedented in recent memory, as the world emerges from the COVID-19 pandemic, there is the ongoing war between Ukraine and Russia, as well as conflict in the Middle East, with a risk of the latter escalating into a wider regional war.

At the same time, the world is also seeing autocratic nations forming alliances, threatening to push democracies across the world to “breaking point”.

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