World enters ‘Age of Competition,’ Global Risk Report warns — insurers are on the front lines

For insurers, that shift isn’t just an summary concern. Geoeconomic confrontation threatens what the report calls “the core of the interconnected world financial system,” together with cross-border flows of products, knowledge and capital on which many business traces rely. Commerce credit score, political danger, marine, supply-chain contingent enterprise interruption and specialty traces tied to strategic applied sciences all face the prospect of extra frequent and extra opaque state intervention.