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Home / Insurance / Global risks increased with strikes, riots, conflicts: Marsh

Global risks increased with strikes, riots, conflicts: Marsh



The threat of strikes, riots and strife increased in the Americas, Asia Pacific and European regions as the threat of war and civil war increased in sub-Saharan Africa, Europe and most urgently in Eastern Europe and Central Asia, according to a report on Tuesday from Marsh LLC.

The broker also identified access to water resources, critical minerals and space exploration as potential sources of conflict as competition in these areas increases.

Australia, Brazil and the Russian Federation saw the largest increases in the threat of strikes, riots and civil unrest. The risk of expropriation increased most in Chile, followed by the Russian Federation, data from the report showed.

“The conflict between Russia and Ukraine is a stark reminder of how rapidly geopolitical risks can escalate and have a devastating local humanitarian impact, affecting companies and investors around the world,”

; said Nick Robson, head of credit specialties for Marsh Specialty, in a press release. a statement together with the report.

The globe’s oceans could be a front for conflict, as about 44% of the world’s population lives within 150 kilometers (about 93 miles) of a coastline, and 43% depend on seafood as their main source of protein, the Marsh report said.

Political risk and potential friction can also come from increasing demand and competition for strategic minerals such as cobalt, copper, lithium, manganese, thorium, titanium, uranium and vanadium. “Several countries are already pursuing aggressive procurement strategies that could increase the prospects for geopolitical conflict,” the report said.

Similar tensions may stem from the increase in space use and exploration, which “… has seen recent economic acceleration and exploration as the pursuit of new horizons continues,” the report said, noting that more than 1,500 satellites were launched in 2021.


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