Covid fallout raises a host of new risks for business

Risks related to Covid-19 and the economic havoc it wreaked across the globe are keeping corporate executives up at night.

Many concerns are “innately interconnected, and they’re long-tail risks that are not single events”, said Lambros Lambrou, CEO for commercial risk solutions at Aon. “One of the things Covid-19 demonstrated is that long-term risks are no longer a long way out on the horizon. They’re actually on many businesses’ doorsteps.”

The insurance broker also identified issues that businesses appear to be taking too lightly. Among them are environmental, social and governance; climate change; personal liability linked to directors and officers; and disruptive technologies.

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