In their Emerging Risk Initiative, the Chief Risk Officer (CRO) Forum, a group of professional risk managers from the insurance industry, including Allianz Global Corporate & Specialty (AGCS) experts, continually scans the horizon to identify and communicate emerging risks facing the insurance industry which are expected to have a significant impact on the insurance sector within 1 to 10 years.
The now updated 2022 Emerging Risk Radar is a summary of emerging risks and associated major trends that could affect the insurance sector over the next five years and beyond. Risks are classified low, medium or high according to their perceived materiality. Both the list of risks and the assessment of impact and timing are based on the expert opinion of the Emerging Risk Initiative (ERI) working group of the CRO Forum.