Association Luxembourgeoise
de Risk ManagementLuxembourg Association for Risk Management

ALRiM / WEF - Event

17 Jun 2015ALRiM News

ALRiM Conference – World Economic Forum 2015 Risk Report

The conference organised by ALRiM, the Luxembourg Association of Risk Managers, in collaboration with the World Economic Forum (‘’WEF’’), took place on June 18th 2015, and was attended by more than 100 delegates.

Caroline Galvan, Economist from the Global Risk and Competitiveness team of the World Economic forum presented the main results of the 10th edition of the WEF Global Risk Report. The aim of this report is to identify the transformative forces underway, which will shape the coming decade, and to raise awareness of the potential risks associated with these global evolutions.

The report is based on the annual Global Risk Perception Survey organised by the WEF worldwide. Its key findings are three folds:

  • A quarter-century after the fall of the Berlin Wall, interstate conflict is once again the key risk in terms of likelihood and impact.
  • Social stability is under threat from economic, environmental, technological and geopolitical risks, which are undermining trust and creating a vicious circle making cooperation within and between states more difficult.
  • Mitigating risks and strengthening resilience to them is key, in particular through public-private collaboration. The year 2015 presents an unprecedented range of opportunities to take collective action to address global risks.

The study has identified 28 global risks (event that could cause a significant negative impact across several industries or countries within the next 10 years), grouped in five categories: Economic, Environmental, Geopolitical, Societal and Technological.

The five most likely and most impactful global risks are interstate conflict, failure of climate-change adaptation, water crises, unemployment/underemployment and cyber-attacks, confirmed Caroline Galvan.

Philippe Soler, Vice President of ALRiM, observed in his introductory speech that “between 2007 and 2014, economic and financial issues largely dominated the list of top worldwide risks. Looking forward and more broadly, geopolitical risk may be back as one of the most important global threats, in the forthcoming years.”

The presentation was followed by a lively session of questions and answers. This conference was a unique opportunity to look wider at the main macro risk drivers and received positive feedback by participants. 

Caroline Galvan commented: “For the second year in a row, the presentation of the Global Risk Report attracted a large interest in Luxembourg. The conference provides an excellent opportunity to achieve one of the goals of the World Economic Forum, which is to raise risk awareness and stimulate the thinking process on global evolutions.” 

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