
Guest Post by James Kline (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
Recently, Lloyd’s of London in conjunction with the University of Cambridge Center for Risk Studies, published the results of their global risk analysis. Lloyd’s document is entitled “Lloyd’s City Risk Index: Executive Summary”. Cambridge has entitled theirs “Cambridge Global Risk Outlook 2017”. This is their second risk assessment. The first was published in 2004.
The index is a ten-year projection based on twenty-two threats to 300 hundred of the world’s leading cities. The 300 cities account for half of the world’s Gross Domestic Product (GDP). This piece discusses the results of the study and its implication for the application of Enterprise Risk Management (ERM). [Read more…]