• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Sunday, January 29, 2023
  • Login
  • Register
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Business Unlimited

Risks Infestation, WEF Advances Collaboration To Avert “Resource Rivalries”

Staff Reporter by Staff Reporter
January 12, 2023
in Business Unlimited
0 0
0
Risks Infestation, WEF Advances Collaboration To Avert “Resource Rivalries”
0
SHARES
21
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

As conflicts assume growing at dimensions regional and global levels, World Economic Forum’s Global Risks Report has highlighted series of deeply interconnected global risks that stride with human and economic development and mitigating advancement.

These conflict and geo-economic tensions Global Risks Report examined, have triggered a series of deeply interconnected global risks, amongst them energy and food supply crunches, which are likely to persist for the next two years, as well as strong increases in the cost of living and debt servicing.

At the same time, these crises risk undermining efforts to tackle longer-term risks, particularly climate change-related risks, biodiversity, and investment in human capital.

These are among the risks highlighted in the World Economic Forum’s Global Risks Report, just published, which argues that the window for action on the most serious long-term threats is closing rapidly and concerted, collective action is needed before risks reach a “tipping point”.

Produced with Marsh McLennan and Zurich Insurance Group, the WEF’s 17th annual report draws on the views of over 1,200 global risk experts, policy-makers and industry representatives.

At present, the global pandemic and war in Europe have brought energy, inflation, food and security crises back to the fore. These create follow-on risks that will dominate the next two years: the risk of recession; growing debt distress; a continued cost of living crisis; polarized societies enabled by disinformation and misinformation; a hiatus on rapid climate action; and zero-sum geo-economic warfare.

Unless the world starts to cooperate more effectively on climate mitigation and climate adaptation, over the next 10 years this will lead to continued global warming and ecological breakdown, the report contends. Failure to mitigate and adapt to climate change, natural disasters, biodiversity loss and environmental degradation represent five of the top 10 risks – with biodiversity loss seen as one of the most rapidly deteriorating global risks over the next decade.

At the same time, crisis-driven leadership and geopolitical rivalries risk creating societal distress at an unprecedented level, as investments in health, education and economic development disappear, further eroding social cohesion. Rising rivalries meantime risk not only growing geo-economic weaponisation but also remilitarisation, the report continues.

“The short-term risk landscape is dominated by energy, food, debt and disasters. Those that are already the most vulnerable are suffering – and in the face of multiple crises, those who qualify as vulnerable are rapidly expanding, in rich and poor countries alike. In this already toxic mix of known and rising global risks, a new shock event, from a new military conflict to a new virus, could become unmanageable. Climate and human development therefore must be at the core of concerns of global leaders to boost resilience against future shocks,” said Saadia Zahidi, managing director, World Economic Forum.

John Scott, head of sustainability risk, Zurich Insurance Group, added: “The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail. Without significant policy change or investments, this mix will accelerate ecosystem collapse, threaten food supplies, amplify the impacts of natural disasters and limit further climate mitigation progress. If we speed up action, there is still an opportunity by the end of the decade to achieve a 1.5ᵒC degree trajectory and address the nature emergency. Recent progress in the deployment of renewable energy technologies and electric vehicles gives us good reasons to be optimistic.”

Source: cirmagazine.com
Previous Post

Nwachukwu Takes Charge At Royal Exchange General Insurance

Next Post

BI Policy Soars Globally Despite Current Biting Cocktail

Staff Reporter

Staff Reporter

Related Posts

FIRS Breaks 2021 Records, Collects N10.1tr In 2022
Business Unlimited

FIRS Breaks 2021 Records, Collects N10.1tr In 2022

January 23, 2023
FIRS Commences Direct Collection Of Taxes From Online Gaming Operators
Business Unlimited

FIRS Tax Clearance Certificate Now Jiffy Act With One Click

January 2, 2023
FIRS Commences Direct Collection Of Taxes From Online Gaming Operators
Business Unlimited

FIRS Celebrates Two Exceptional High Calibre Staff For Receiving Global Awards

December 22, 2022
Next Post
BI Policy Soars Globally Despite Current Biting Cocktail

BI Policy Soars Globally Despite Current Biting Cocktail

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

July 30, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
ncrib logo

NCRIB And Universal In Pictures

August 23, 2020
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
NCRIB Sets The Stage For Adaramola’s Tenure

NCRIB Sets The Stage For Adaramola’s Tenure

March 18, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
PenCom Approves Mrs Okwuosa New Access Pension Fund Custodian MD

PenCom Board Back-To-Work Pass, Gets Tick Over

February 1, 2021
How Strong Is The Reinsurance Sector Going Into 2021?

How Strong Is The Reinsurance Sector Going Into 2021?

360
Scib CEO Tinubu

Professionals Want Value Dimension Added To Enhance Compulsory Insurance

80
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

42
PenCom Trigger Lifts Transfer System Off The Starting Block With Split Responsibilities

Pension Funds Encounter First Waterfall

42
Allianz Claims Survey Shows Changing Claims Patterns

Internal Failures, Major Cause Of Cyber Claims

37
Anchor MD Loses Father

Anchor MD Loses Father

18
Massive Verdict In Business Interruption Insurance Case

Massive Verdict In Business Interruption Insurance Case

7
NCRIB Sets The Stage For Adaramola’s Tenure

NCRIB Sets The Stage For Adaramola’s Tenure

6
CBN Governor

Deal With Azimo, Transfer Wise At Own Risk, CBN Warns

5
Image Spin: NAICOM Gets Royal Endorsement

Insurers Charged To Lead Recovery And Restoration After #EndSARS

5
NIA Optimistic Of Insurance Bill 2020 Receiving President’ Consent Soon

NIA Optimistic Of Insurance Bill 2020 Receiving President’ Consent Soon

January 28, 2023
FIRS Breaks 2021 Records, Collects N10.1tr In 2022

FIRS Breaks 2021 Records, Collects N10.1tr In 2022

January 23, 2023
Half Of UK Businesses ‘Likely To Be Underinsured’

Half Of UK Businesses ‘Likely To Be Underinsured’

January 23, 2023
Insurers To Dump Obligation Draining Third Party Motor Tariff For Risk Right Price Jan 2022

Motor Tariff, Scare Buyers Jostling Open Valve For Sanctions And Rusty Cover

January 20, 2023
Risk Specialists Advice Business Leaders To Prepare For Rise In Civil Unrest

Allianz Report Ranks BI, Cyber Top, Africa Surrounded By Ukraine War, Economic & Political Risks

January 17, 2023
Heirs Life Spreads Nationwide, Targets Insured Public

Heirs Life Spreads Nationwide, Targets Insured Public

January 17, 2023
BI Policy Soars Globally Despite Current Biting Cocktail

BI Policy Soars Globally Despite Current Biting Cocktail

January 16, 2023
Risks Infestation, WEF Advances Collaboration To Avert “Resource Rivalries”

Risks Infestation, WEF Advances Collaboration To Avert “Resource Rivalries”

January 12, 2023
Nwachukwu Takes Charge At Royal Exchange General Insurance

Nwachukwu Takes Charge At Royal Exchange General Insurance

January 9, 2023
Capacity To Deliver, Sanlam Life Says Excellent Service Is Unwavering Commitment

Capacity To Deliver, Sanlam Life Says Excellent Service Is Unwavering Commitment

January 9, 2023

Recent News

NIA Optimistic Of Insurance Bill 2020 Receiving President’ Consent Soon

NIA Optimistic Of Insurance Bill 2020 Receiving President’ Consent Soon

January 28, 2023
FIRS Breaks 2021 Records, Collects N10.1tr In 2022

FIRS Breaks 2021 Records, Collects N10.1tr In 2022

January 23, 2023
Half Of UK Businesses ‘Likely To Be Underinsured’

Half Of UK Businesses ‘Likely To Be Underinsured’

January 23, 2023
Insurers To Dump Obligation Draining Third Party Motor Tariff For Risk Right Price Jan 2022

Motor Tariff, Scare Buyers Jostling Open Valve For Sanctions And Rusty Cover

January 20, 2023
Risk Specialists Advice Business Leaders To Prepare For Rise In Civil Unrest

Allianz Report Ranks BI, Cyber Top, Africa Surrounded By Ukraine War, Economic & Political Risks

January 17, 2023
Heirs Life Spreads Nationwide, Targets Insured Public

Heirs Life Spreads Nationwide, Targets Insured Public

January 17, 2023
BI Policy Soars Globally Despite Current Biting Cocktail

BI Policy Soars Globally Despite Current Biting Cocktail

January 16, 2023
Risks Infestation, WEF Advances Collaboration To Avert “Resource Rivalries”

Risks Infestation, WEF Advances Collaboration To Avert “Resource Rivalries”

January 12, 2023
Nwachukwu Takes Charge At Royal Exchange General Insurance

Nwachukwu Takes Charge At Royal Exchange General Insurance

January 9, 2023
Capacity To Deliver, Sanlam Life Says Excellent Service Is Unwavering Commitment

Capacity To Deliver, Sanlam Life Says Excellent Service Is Unwavering Commitment

January 9, 2023

Tonia Smart Farewell, Impact Streams

January 6, 2023
Half Year Claims Obligation, Sovereign Trust Pays N1.6bn

2023: Sovereign Trust Insurance Promises Policyholders Mutually Rewarding Insurance Transactions

January 4, 2023
Insurance Consumers Lobby Oppose New Motor Tariff, Brokers Assign Diagnosis To Technical Committee

Insurance Consumers Lobby Oppose New Motor Tariff, Brokers Assign Diagnosis To Technical Committee

January 4, 2023
NAICOM Builds Project Warehouse For Innovation

NAICOM Helmsman, Thomas, Best Supportive CEO On SERVICOM

January 3, 2023
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

NIA Optimistic Of Insurance Bill 2020 Receiving President’ Consent Soon

NIA Optimistic Of Insurance Bill 2020 Receiving President’ Consent Soon

January 28, 2023
FIRS Breaks 2021 Records, Collects N10.1tr In 2022

FIRS Breaks 2021 Records, Collects N10.1tr In 2022

January 23, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In