Marsh McLennan CEO Discusses Eco Headwinds

The video discusses the business outlook for 2023, highlighting challenges such as inflation, energy supply, and geopolitical uncertainty. It addresses concerns about a potential recession and the resilience of businesses in navigating economic impacts. The discussion also covers sector efficiency, performance, and the importance of balancing resilience with efficiency. Additionally, it highlights the risks associated with the digital economy and the need for cybersecurity measures, especially in light of recent global events.

What are some of the main concerns for chief executives in 2023?

• Workforce diversity

• Recession and inflation

• Technological advancements

• Corporate social responsibility

How have banks changed in response to past economic events?

• They have become more efficient

• They have increased interest rates

• They have reduced credit risks

• They have become more resilient

What is a key strategy for businesses to handle economic challenges?

• Focusing solely on efficiency

• Prioritizing resilience

• Increasing workforce size

• Reducing technological investments

What recent development in the insurance market is highlighted?

• Introduction of health insurance bonds

• Launch of cyber catastrophe bonds

• Increase in life insurance premiums

• Expansion of property insurance

What has increased awareness of digital economy risks?

• Economic recession

• Technological advancements

• The war in Ukraine

• The global pandemic