This Moment from Marsh McLennan
Marsh McLennan
Marsh McLennan (NYSE: MMC) brings together 85,000 experts in risk, strategy and people.
October Edition: Extreme Heat, Retirement Systems and Generative AI in Investment?
In this monthly newsletter, we bring you perspectives on the business challenges that matter most in this moment.??
Extreme Heat Impacting Workers Compensation Claims
Extreme heat is a growing threat to communities around the world, and the frequency and intensity of heatwaves continue to rise, and so do the risks to human health, infrastructure, and the environment.?
For employers, one underrealized risk comes in the form of workplace injury, which has been shown to exacerbate the rate of injuries in both indoor settings, such as manufacturing, and outdoor settings, such as construction. Older people tend to be more vulnerable to extreme heat in general, but in workplace settings, even young people are susceptible — such as the 24-year-old UPS driver in California whose unfortunate death last summer was attributed to dehydration and heat stroke.?
Despite the correlation between extreme heat and workplace safety, heat has yet to be the subject of protective regulations to date, further amplifying worker safety risks in the absence of proactive steps by organizations.
In order to account for the threat of extreme heat, risk managers would be well advised to better understand how it impacts their workforce and exposures.? Read more here.
The Results Are In…
The Netherlands once again has claimed the top spot in 美世 ’s global retirement pension rating index, developed in collaboration with the CFA Institute and Monash Centre for Financial Studies . After placing second to Iceland in 2022, the Netherlands rates as the world’s best pension system for 2023, with Iceland and Denmark rounding out the top 3.?
The Mercer CFA Institute Global Pension Index benchmarks 47 retirement income systems around the world, highlighting challenges and opportunities within each, and this year’s report was expanded to include Botswana, Croatia, and Kazakhstan. The Index is made up of three sub-indices, including adequacy, sustainability, and integrity, to measure each retirement income system against more than 50 indicators.?
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“Retirement income systems around the world are under pressure like never before.” - Dr. David Knox, Actuary and Senior Partner, Mercer
Explore the report to see the analysis of the 47 national pension?systems.??
Driving Better Decisions Through Generative AI
“In absolute terms, North America and Asia-Pacific are expected to drive more than 75% of worldwide new wealth creation until 2027.” - Oliver Wyman global wealth and asset management 2023 report
While the generative AI revolution is already well underway, it’s important to recognize that in the investment space, AI is just one piece of an integrated strategic approach to sustainable growth. But by harnessing the revolutionary power of generative AI, it is possible for investors to drive better investment decisions, engage clients more effectively, and enhance productivity across the value chain.?
This is the thesis of Oliver Wyman ’s new 2023 global wealth and asset management report (prepared with 摩根士丹利 ). By taking a broader view of the industry, they put today’s revolution into the context of major industry and macroeconomic trends that will force asset and wealth managers to take specific actions to capitalize on growth opportunities and reimagine their operating models to build greater resiliency in their businesses.
Dive deeper into all our business perspectives on the This Moment page:?https://www.marshmclennan.com/this-moment.html?
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Principal and Analyst at DCarsonCPA and GRLSTEM at DCarsonCPANET
1 年CLoud Seeding and Climate Hoax aka Climate Tax and America Last as the Wolf in Sheeps Clothing. Lets do better than every 7 years the big bad wolf is back. Smart environmental work for Americas Estuaries in immediate terms for the Rivers and Harbors to bring back sustainable aquaculture for a complement to Our Food stocks will go further faster than suppressing the Energy which only gives rise to lithium mining and conditions comparable to conflict diamonds of the last chapter under SEC regs of the hotlist of social items. The Lithium and Energy cars only moves the point of environmental disruption and is NOT yet a sustainable or maintainable path for Inland Marine of Defense further and worse still is that under the flag of the ESG the disturbing to many agendas of one unelected Klaus Schwab who is fond of telling you what you will do in the future and of thumping eugenics, meat reductions, overconcentrated living in cities, cutting of trees, involuntary vaxing ropes in there too somewhere and the overall headlong march of the #WEF #UN MoU that includes the #COPE28 and #Agenda30 line has a lot of unvetted issues ... cont incl...
Coaching employees and brands to be unstoppable on social media | Employee Advocacy Futurist | Career Coach | Speaker
1 年I find the study of retirement income systems fascinating, and the Mercer CFA Institute Global Pension Index?by Mercer - Investments, while much of it very complex, left me considering the interesting approaches in different countries, and my experiences in both Canada and the USA. Always a thoughtful read, thanks Marsh McLennan.
COO @ Thulium | Leading Creative, Social, & Content Teams
1 年The growth of Generative AI is something we need to continue to watch. A world changing technology!