Growing divisions between economic blocs and potential restrictions on capital flows could limit risk diversification, raise insurance costs and make some peak risks uninsurable, according to a new report published by the Swiss Re Institute and Brokerslink.

Societal and technological risks have risen up the agenda for G20 business leaders, according to the World Economic Forum’s latest Executive Opinion Survey. While fears of an economic downturn still dominated near-term concerns, the survey reflects growing anxieties around weakening public services, limited economic opportunity and the spread of misinformation and disinformation.

The Financial Conduct Authority has unveiled its proposals to make environmental, social and governance ratings more transparent, reliable and comparable. The regulator expects the measures to deliver about £500m in net benefits over the next decade as ESG assessments become increasingly central to investment decisions, risk management and reporting.

A sharp rise in concern about nation-state cyber activity has emerged, with 88% of cyber security and information security leaders in the UK and US warning that state-sponsored attacks now pose a significant business risk, according to IO’s latest State of Information Security Report.

The Lloyd’s Market Association has launched the Emerging Litigation Forum, replacing the former Environment and Climate Change Litigation Committee and broadening its focus to a wider set of developing legal risks affecting the market.

Small and medium-sized businesses remain significantly underprotected against the financial and operational impacts of terrorism, according to a new report from Pool Re. It says terrorism cover is still absent from most commercial property policies despite the persistence of an evolving threat landscape.