Survey Finds Climate Change and Wars as Top Emerging Risks

Risk managers are shifting focus toward climate change, wars, and disruptive technology as primary emerging risks, according to a recent survey by the Society of Actuaries and the Casualty Actuarial Society. The annual report highlights how geopolitical instability and technological advancements are reshaping risk priorities.

The survey, conducted in November 2024, ranks 23 emerging threats, with war—including civil conflicts—surpassing financial volatility and pandemics as a top concern. Climate change remains a pressing issue, while economic risks have declined in perceived urgency. Meanwhile, AI-driven cybersecurity threats and digital disruptions continue to gain attention.

Key trends indicate a growing emphasis on global stability, with risk managers recognizing the business implications of failing states and international conflicts. Concerns about natural disasters and health care risks, while still relevant, have moved down the priority list. As AI adoption accelerates, the risks of cyber vulnerabilities, misinformation, and data integrity have become focal points for business leaders navigating an increasingly complex landscape.