COVID-19 IS ACCELERATING EMERGING RISKS: SWISS RE

Emerging risks and trends are being accentuated by the Covid-19 pandemic according to a report from Swiss Re. The pandemic is exacerbating intergenerational social contracts, the fragility of healthcare systems and disruptions to supply chains. Widespread lockdowns are causing drug shortages among other supply chain problems, it said in its latest SONAR report. “The pandemic experience will continue to prompt shifts in the political landscape, regulatory environment and in market dynamics,” it said. Swiss Re also identified cyber risk from so-called edge computing, the boom of e-cigarettes and sustainable building materials as emerging risks to watch. The transition to a low carbon economy also presents new risks for the insurance industry, including from carbon removal schemes.