COVID-19’s societal stranglehold has lasted longer than anyone could have anticipated. This year, firms have continued to navigate geopolitical complexities against the enduring backdrop of the pandemic. They have had to make often tough decisions to insulate their people and operations against a host of threats, and we anticipate these will remain and evolve, as the global economy slowly learns to manage – and ultimately overcome – the challenges associated with COVID-19.
Ranging from civil unrest sparked by restrictions on civil liberties and supply chain disruptions linked to the pandemic; through to jihadist and extreme-right-inspired terrorism and instances of political violence in places such as Myanmar, limiting exposures is a critical concern for firms. To do so, firms will need to better understand the complex dynamics that are behind these changing geopolitical risks and build resilience into their operational posture.
Through its Crisis Management practice, Aon is supporting clients as they confront these complex risks. Whether it is protecting against state intervention in emerging markets, protecting people and operations from the threats posed by terrorism and kidnapping, insulating against sovereign or corporate default, Aon’s Crisis Management team is working to protect against, and mitigate, a range of client exposures.
Aon’s Risk Maps – developed in collaboration with our long-standing partners, Continuum Economics and Dragonfly – are designed to help firms build a global picture of the geopolitical risk environment, providing actionable insights that help them to respond to, and limit, their international exposures.