This MWB Global Risks Report provides a comprehensive overview of Risk Engineering and its evolving role in helping organizations identify vulnerabilities, strengthen operational resilience, and support informed business decision-making. It explores how Risk Engineering has developed beyond traditional site inspections into a strategic discipline that combines engineering expertise, operational insight, and emerging technologies to proactively reduce risk before losses occur.

The greatest insurance risk is not always a catastrophic event.

This case study examines the challenges organizations face when assessing climate-related risk using traditional, backward-looking catastrophe models. As climate patterns evolve and insurers increasingly rely on forward-looking assumptions, historical loss data alone may fail to identify emerging exposures, hidden concentrations of risk, and long-term vulnerabilities.

In today’s volatile regulatory and geopolitical environment, a global insurance program cannot be static; it must be resilient, adaptable, and designed to perform under pressure, from all angles. Stress testing your multinational program is not just a technical exercise, it’s a strategic necessity. From regulatory shifts to claims scenarios and coverage gaps, organizations must ensure their program responds as intended when it matters most.

The risk management landscape is rapidly evolving as emerging technologies and changing business expectations reshape how organizations anticipate, assess, and respond to risk. This report examines how supply chain risk has evolved from an operational concern into a strategic business challenge, explores the key forces driving disruption across global supply networks, and highlights how organizations are adapting their risk management and insurance strategies to respond.

Starting November 1st, 2025, companies looking to do business in China will be required to pay the full cost of their local insurance policy premiums up front before they can be considered officially covered.

Since 2020, organizations have faced an unprecedented series of disruptions, including pandemics, geopolitical tensions, labour shortages, cyber incidents, extreme weather events, and transportation bottlenecks. Events once considered isolated have demonstrated the ability to trigger consequences across entire industries and regions. As a result, supply chain resilience has become a priority not only for operations teams, but also for executives, boards of directors, insurers