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Risk in Context Podcast: Resilience Amidst a Divergent Recovery

In this episode of Marsh’s Risk in Context podcast, Martin South, Marsh’s President and CEO, and Carolina Klint, Marsh’s Risk Management Leader for Continental Europe, discuss the findings of this year’s report and what they mean for businesses as they seek to recover from the ongoing COVID-19 pandemic and become more resilient.

01/24/2022 · 1 minute read

The Global Risks Report 2022, produced annually by the World Economic Forum with the support of Marsh McLennan and other partners, explores major critical risks that threaten the world.

In this episode of Marsh’s Risk in Context podcast, Martin South, Marsh’s President and CEO, and Carolina Klint, Marsh’s Risk Management Leader for Continental Europe, discuss the findings of this year’s report and what they mean for businesses as they seek to recover from the ongoing COVID-19 pandemic and become more resilient.

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Key takeaways

The world is facing a complex risk landscape.

While some of the major economies are moving from crisis recovery to achieving long-term growth, others are still struggling, underscoring the divergence in pandemic recovery.

Space risks require attention.

As space competition accelerates, dated space governance frameworks are under pressure and there are growing security concerns, including around the threat that space debris could pose to the future of safe space travel.

The pandemic has changed our view of risk.

Events that felt unlikely may happen, requiring companies to expect them, plan for them, and focus on organizational resilience to be prepared to respond and recover from the next major event.

About our speakers

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Martin South

President and CEO, Marsh - Vice Chair, Marsh McLennan Companies

  • United States

Martin South is President and Chief Executive Officer of Marsh, the world’s leading insurance broker and risk advisor, with over $20 billion in annual revenue. He also serves as Vice Chair of Marsh McLennan (NYSE: MMC), Marsh’s parent and the leading global professional services firm in the areas of risk, strategy and people.

Martin leads Marsh’s 45,000 colleagues in providing commercial and individual clients with data-driven risk solutions and advisory services and oversees the firm’s brokerage and specialties, underwriting, digital technology and consulting practices worldwide.

Before being named Marsh’s President and CEO in 2022, Martin served as President of Marsh’s largest region, the US and Canada, for over five years. Between 2007 and 2016, he also served as CEO of Marsh’s Asia-Pacific region, CEO of Marsh UK and Ireland, and CEO of Marsh Europe. Martin’s industry experience includes senior leadership roles at Zurich Financial Services, where he was a member of the Group Management Board, responsible for all of Zurich’s operations outside of North America and Europe, and CEO of Zurich’s London operations. He began his career at Marsh in 1985 with Bowring Marsh.

Martin is a member of the Board of Directors of British American Business, former President of the Chartered Insurance Institute of London and an alumnus of the World Economic Forum’s Young Global Leaders program.

Carolina Klint

Carolina Klint

Chief Commercial Officer, Europe, Marsh McLennan

  • Sweden

Carolina Klint is Marsh McLennan’s Chief Commercial Officer for Europe, where she leads initiatives to define and implement growth strategies that unlock Marsh McLennan’s full potential and support sales enablement, client management, and technology innovation. She is a member of the Marsh McLennan Europe Executive Committee and serves as the company’s spokesperson for the World Economic Forum’s Global Risks Report. She joined Marsh in 2017 as CEO of Marsh’s Northwest Europe Region and was then appointed Risk Manager Leader for Europe in October 2020. She speaks frequently about risk and resilience, change management, and the importance of inclusive leadership as a keynote speaker, panelist, and guest lecturer.

Report chapter highlights

Explore the key themes from this year’s report.

A strip of Dry Grass sets Fire to Trees in dry Forest: Forest fire - Aerial drone top view. Forest fire: fire with smoke from the height of a bird flight.

Report chapter 2

Navigating the Climate Transition

A disorderly climate transition with divergent approaches could trigger economic volatility and further drive apart countries and societies.
Read the full chapter.
Read chapter
Eye, Cyborg, Eye, Human Eye

Report chapter 3

Protecting Digital Developments

Attacks on large and strategic systems could carry cascading physical consequences across societies, while prevention will inevitably entail higher costs.
Read the full chapter.
Read Chapter
Nightly Earth planet in outer space. City lights on planet. Life of people. Solar system element. Elements of this image furnished by NASA

Report chapter 5

Pre-empting Encounters in Space

With limited and outdated global governance in place to regulate space alongside diverging national-level policies, risks are intensifying around militarization and escalating geopolitical tensions.
Read the full chapter.
Aerial view of sea waves and fantastic Rocky coast, Montenegro

Report chapter 6

Refreshing Resilience

The COVID-19 pandemic has sharpened thinking about how organizations can leverage different capabilities and strategies to enhance resilience.
Read the full chapter.