August 2010

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

In the middle of July we attended a debate hosted by Lloyd’s 360° Risk Insight to discuss the implications for an increasingly interconnected world. Well-known personalities from inside and outside the insurance world took. The debate coincided with the launch of a report, produced in co-operation with The James Martin 21st Century School at the University of Oxford, suggesting we are living in an increasingly interconnected and interdependent world and while this has brought unprecedented benefits to business, it has also introduced new forms of risk, most notably complex, systemic risks.

The report identifies a number of potential risks, from financial and supply chain risks through to pandemics and geo-political risks, facing business as a result of globalisation. It also suggests how business can better understand and begin to manage these systemic risks.

We are very pleased to make accessible to our readers and are grateful to the team at Lloyd’s 360 Risk Insight programme who can be reached at or call +44 (0)20 7327 1000,



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