Global Risks Assessment Project with Zurich Insurance

The globalization of value chains, greater financial integration, rapid urbanization, and the pervasiveness of the Internet have accelerated worldwide economic growth in the last few decades. Unfortunately, these developments have also the potential to significantly increase the vulnerability of our societies to external shocks and global crises. An obvious example is the recent financial crisis, which resulted in the destruction of wealth and long-term growth prospects. Over 2015 and 2016, this project will address these unsustainable developments to better understand the relationship of risk to economic growth. In the first year, using quantitative and qualitative frameworks, the group is assessing the impact of accumulated downside cyber risks on upside opportunities for economic growth. In the second year, the team will evaluate the impacts of geopolitical and demographic risks. This project is a collaboration between the Brent Scowcroft Center on International Security’s Foresight, Strategy, and Risks Initiative and Cyber Statecraft Initiative and the University of Denver’s Pardee Center on International Futures with generous support from Zurich Insurance.
  • Telegraph Highlights Atlantic Council Report


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  • Our World Transformed: Geopolitical Shocks and Risks

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    No one can be complacent about geopolitical risks these days. The shocks and surprises of the past few years show how easily assumptions about liberal markets, international relations, conflict, and democracy can be shaken. Geopolitical volatility has become a key driver of uncertainty, and will remain one over the next few years.

     

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  • Our World Transformed: A New Futures Study on Geopolitical Risks

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    Geopolitical volatility is the new normal and is not going away anytime soon.

    While the news features the rise of protectionism everyday, an energy crisis due to a conflict in the Middle East or the spread of water and food insecurity, could equally disrupt the world. Should any of these situations deteriorate further, the impacts would be earth shattering for how the world governs and does business.

    A new Atlantic Council study, released today, looks at the implications of these global risks on global gross domestic product (GDP), extreme poverty, middle-class growth, and country instability. This report tests the proposition that global risks are increasing faster than global growth.

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  • Atlantic Council / Zurich Insurance Release Report on Global Demographic Risks

    The Atlantic Council, in collaboration with Zurich Insurance Group and the Pardee Center for International Futures, released a report today that examines the economic impacts of impending demographic changes. Authored by Mathew Burrows, this groundbreaking report, Reducing the Risks from Rapid Demographic Change forecasts possible future scenarios and asserts that demographics do not have to dictate the future if we take action now.

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  • Risk Nexus Revisited: What is the Internet's Future?

    This is a critical moment for the Internet. Mass government and commercial data collection have weakened public trust. Uncertainty is rising as nations disagree over Internet governance and new technologies disrupt existing markets and mechanisms. The Internet of Things (IoT) is developing rapidly and creating new economic opportunities, but manufacturers are consistently failing to incorporate security and privacy by design, thereby exposing consumers to a host of vulnerabilities. Overall, policies and regulations have failed to keep pace with technological innovations.

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  • Atlantic Council / Zurich Insurance Report Finds the Global Benefits of Cyber Connectivity Expected to Outweigh Costs by $160 Trillion through 2030

    The Atlantic Council, in collaboration with Zurich Insurance Group and the Pardee Center for International Futures, released a report today that examines the economic impact of cyber costs versus the benefits of interconnectivity under an array of complex scenarios. Written by Jason Healey of the Atlantic Council and Barry B. Hughes of the University of Denver, the report titled, Risk Nexus: Overcome By Cyber Risks?, uses economic modeling tools to gain an understanding of just how cyber costs and benefits affect national GDP over time – and what businesses and policymakers can do. The report is the second of the collaboration and follows their 2014 report Beyond Data Breaches: Global Aggregations of Cyber Risk, which explored the cascading and systemic cyber shocks, similar to the financial crisis of 2008.

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  • Zurich Insurance Group and Atlantic Council Release New Recommendations from Pioneering Report on Cyber Risk, Shocks, and Resilience

    FOR IMMEDIATE RELEASE
    April 28, 2014

    CONTACTS
    Taleen Ananian: This email address is being protected from spambots. You need JavaScript enabled to view it., 202.778.4993
    Robyn Ziegler: This email address is being protected from spambots. You need JavaScript enabled to view it., 847.212.6231

    Zurich Insurance Group and Atlantic Council Release New Recommendations from Pioneering Report on Cyber Risk, Shocks, and Resilience

    Sector-Specific Recommendations for Automotive, Construction, Healthcare, Information Technology, Large and Small/Mid-sized Businesses and Governments to Help Risk Managers Prepare for Future Cyber Shocks and Help Prevent a Cyber-Subprime Meltdown

    DENVER - Zurich Insurance Group and the international think tank, Atlantic Council, today released new risk management specific insights - including recommendations - from its pioneering new report on cyber risk, shocks, and resilience. As the Internet increasingly connects with real life and permeates all facets of society, it can be a source of global shocks for which risk managers, corporate executives, board directors, and government officials might not be prepared.

    The industry specific insights from today’s news conference – held at the RIMS 2014 annual conference and exhibition for risk managers – will help to prepare risk managers to address these cyber shocks of tomorrow and become more resilient and possibly prevent what could be called a cyber sub-prime meltdown.

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  • Atlantic Council-Zurich Report Analyzes Global Interconnections of Cyber Risks

    New Cyber Risk Report Finds the World Living in Cyber Subprime

    FOR IMMEDIATE RELEASE
    April 16, 2014

    CONTACTS
    Taleen Ananian: This email address is being protected from spambots. You need JavaScript enabled to view it., 202.778.4993
    Jennifer Schneider Nowacki: This email address is being protected from spambots. You need JavaScript enabled to view it., 847.275.4428

    Groundbreaking, new Atlantic Council - Zurich Insurance Group report identifies aggregate of interconnected risk that "can no longer be ignored"


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