Climate risks, disruptive technology and geopolitical instability are what managers of risk of concern more, according to a joint survey of the actuarial society of victims and the society of the actuaries.

The 18th Annual Emerging Risks Survey is an online questionnaire that leads risk managers to classify current and emerging risks. Use four categories to measure the risks: upper current risk, the main emerging risks, the general emerging risk and the combinations of emerging risks.

Climate change has been at the top of emerging risk lists since 2021. In the last survey, which was conducted in November 2024, it shares the first place with geopolitical instability.

“The context of 2024 is continuous trends of severe storms and hail, heat and drought waves, a weakened but continuous respiratory infection pandemic and geopolitical concerns inside and between countries,” says the report. “The AI ​​is announced to revolutionize business unless technology facilitates a stage of the final judgment day.”

Respondents were asked to choose their main concerns of 23 risks. The survey also presented questions about practices related to business risk management, AI, staff challenges and other issues.

Climate change recovered the first place in this survey, which is shared with concerns about wars, followed by disruptive technology as the biggest concern number 3. CIBER/network and demographic change completed the five main risks.

Global Financial Risks

A new study can attract more attention to the relevance of climate risk assessment at the level of asset for financial regulators.

The study published this week in the Nature magazine of academics and economists, mapping global financial risks under climate change, examines the impact of “floods, storms and forest fires in a universe of representative values ​​of the capitalization of the global market.”

In addition to a research breath, the study also highlights the findings of the Bank of England on financial stability, the data of the World Meteorological, Deloitte and IPCC organization.

It shows that direct economic losses derived from the financial leverage of companies can be amplified by climate change.

“We highlight the importance of cross -border climate financial risks, especially the transfer of impacts of production facilities in emerging economies to companies in developed economies”, the authors of the state of the study. “Finally, we quantify the potential increase in financial risks induced by climate change. In general, our results emphasize the relevance of climate risk assessment at the level of asset for financial regulation and the importance of integrating financial impacts on the evaluation of adaptation policies. “

Flood risk

The United Kingdom will spend $ 3.31 billion (£ 2.65 billion) on flood defenses to protect the homes fed with climate, the government announced this week.

The money will be used to update and repair the flood infrastructure from as soon as March 2026 in projects such as improved tide barriers and river and maritime defenses, according to a Bloomberg article in Journal insurance.

The extreme climate is costing the economy of the United Kingdom billions of pounds per year. The Environment Agency reports that 6.3 million properties in England are at risk of floods.

According to Bloomberg’s article, the Government reports that approximately 66,500 properties will be better protected by improved defenses.

Toby Perkins, the Labor Deputy who chairs the Environmental Audit Committee, called funds, was only “the tip of the iceberg”, since the projects described only protect a small fraction of properties at risk.

The financing replaces an investment program launched by the previous government that had allocated £ 5.6 billion between 2021 and 2027. Government data shows that approximately 2.1 billion were spent in the first two years of that program, Bloomberg reported.

Real estate

American and Canadian real estate markets are in unstable terrain due to the increase in climatic risks, which requires “a radical rethinking of common risk management strategies,” according to a Housingwire report.

Wednesday’s report, which examines the challenges for the values ​​of properties and mortgage loans, cites data in a variety of reports that examine the impacts of climate change on the properties to present their case, including a 2024 study by an expert In real estate that finds a correlation between forest fires and the decrease in housing values, he found that prices in affected areas fell 2.2% after important events.

The report also quotes experts such as Eddie Seiler, Executive Director of the Research Institute of the Mortgage Bankers Association for Housing America: “If you are subscribing a 30 -year loan on a property in the external banks of North Carolina, which probably It will be washed in the ocean in 10 years, it must be taken into account very explicitly […] We are not there as an industry yet. “

Housing owners in these affected areas are struggling to meet the mortgage obligations due to the impacts of extreme weather and the highest insurance costs.

This has led to the lack of housing and forced migration in some cases, the report points out.

“This happened in areas affected by Hurricanes Helene and Milton, leaving the owners with imminent damaged and predetermined collaterals,” says the article. “Hurricanes also forced migration due to the increase in insecurability as premium prices uploaded and companies left the affected areas.”

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