Many would argue the world is in the most volatile risk environment in modern history. Some have dubbed it a permacrisis. “However,” notes Nick Robson, who leads Marsh’s Credit Specialties Practice and manages our political risk solutions, “when you dig underneath the data what you find is that some of the risks are moderated or to some degree reduced by other positive trends.”

In a conversation with Chief Public Affairs Officer Erick Gustafson, Robson takes us on a survey of the critical issues facing humanity, namely the effects of the war in Ukraine, tensions with China and the threat of a global recession.

He sees major demand drivers as a stimulant for economic growth, fostering positive economic and political movement. The challenge is how to mobilize capital to meet demand in a volatile and complex risk environment.

“What we now need to do,” says Robson, “is work with insurers to drive some innovation in how risk is underwritten, and to deploy more capital to the right risks, efficiently, to support the investment and trade requirements of the world.”