Emerging risks are events or situations that may cause harm to people, organizations or the environment in the future. They are often difficult to predict and may not be covered by traditional insurance policies.
Some common examples of emerging risks include:
-The impact of new technologies on society and the environment
-The increasing prevalence of cyberattacks and data breaches
-The effects of climate change on businesses and communities
-Unpredictable natural disasters such as earthquakes and hurricanes
Companies need to be aware of these risks and have risk management plans in place to protect themselves against potential losses.