According to the announcement, this three-year programme will apply war-gaming and scenario planning to test the vulnerability of organisations to changing geopolitical drivers of risk, identify their insurance gaps and improve resilience.
Coordinated by the WTW Research Network, and in partnership with the American Enterprise Institute (AEI) based in Washington and the New-York-based Center on U.S.-China Relations at Asia Society, the program’s research objective will be to focus on some of the most important issues in the geopolitical space.
The project will explore the changing relationship between the U.S. and China, as well as impacts on the international supply chain, trade blocs and international institutions.
Jo Holliday, Global Head of Crisis Management, said: “The geopolitical landscape is increasingly complex, nuanced and systemic. With the Western world’s attention on Ukraine and Russia, electoral tensions in Sri Lanka, Brazil and the Democratic Republic of Congo continue to highlight the growing security and political stability risks spreading across other regions.
“Geopolitical risk is of increasing concern to our clients and in-depth research initiatives such as this enables them to understand the risks associated across crisis management and geopolitical tensions.”
The research programme will also look at how grey-zone aggression and cyber threats are increasingly being used to achieve geostrategic objectives, with ramifications for the application of international law and insurance contracts.