Willis Towers Watson plc

06/03/2019 | Press release | Distributed by Public on 06/03/2019 10:10

Geopolitical risk is top concern facing Risk Managers Willis Towers Watson announces at Airmic

HARROGATE, 3 June 2019 - Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today launched a Geopolitical Risk Report - 'Understanding the external threats to an organisation' in conjunction with the risk association, Airmic, at its annual conference.

More than any other megatrend, Airmic members identified geopolitical tensions as becoming harder, or significantly harder, to manage over the next three years. Geopolitical risk - risks emanating from the interaction between geography, policy and the economy - are at the forefront of global risks facing today's businesses. The Willis Towers Watson report helps risk managers to break down the risks, understand their interconnectivity and develop the most effective response.

Alastair Swift, head of corporate risk and broking, GB 'With geopolitical uncertainty such as Brexit, the US / China trade tensions and now growing concerns over Iran dominating news headlines around the world, there is an expectation that things could get worse before they get better. Geopolitical risk is clearly top of mind in the boardroom. At Willis Towers Watson we have established an integrated geopolitical solution which can be tailored for clients to help risk managers navigate through the disruption caused by geopolitical issues. This report is designed to help clients understand how to mitigate these risks.'

Julia Graham, deputy CEO and technical director at Airmic, added: 'Our member survey highlights that geopolitical risks are getting harder to understand and manage. Risk managers can play an integral role in bringing together key functions across the business and supporting their board navigate the uncertain global landscape. This report will help them start to break down the risks, understand their interconnectivity, and put into action the most effective response.'
The report has been launched at the annual Airmic conference in Harrogate and a link to the report can be found here (awaiting). Willis Towers Watson are also hosting a geopolitical workshop to help risk managers understand how to understand, prevent, protect and respond to geopolitical issues including sustainability and environmental issues as well as supply chain and business disruption issues.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas - the dynamic formula that drives business performance. Together, we unlock potential.