From strategic risk to risk strategy: Insurance scenarios for risk identification and business model innovation

The worldwide risk trends comprehensively produced for 2012 by the World Economic Forum in a study of global risks suggest that the general economic conditions are not particularly conducive to the strategic stabilisation, let alone further development, of sectors exposed to the financial markets such as the insurance industry in times of crisis. The authors of the study deduced that the economic scenarios could include prolonged liquidity risks, continuing
fluctuations in investment returns, inflation or deflation scenarios and financial uncertainties due to more stringent regulatory requirements.
Risks around life science and so far little-researched nanotechnology applications play a significant part in the technological trends.2 Risks such as cyber attack and the associated misuse of data are on the rise.