1. World Economic Forum (WEF) Global Risk Project
COLLABORATORS
MMC (Marsh & McLennan Inc.)
Merrill Lynch
Swiss Re
Wharton Risk Management and Decision Processes Center

2. Purposes of Global Risk Project
Identify and assess current and emerging global risks in the 2006 and 2015 time horizons;
Study the links between risks and assess their likely effect on different markets and industries; and
Advance the thinking around more effective mitigation of global risks.

3. Global Risk Core Areas for 2006
Enhancement of the quality of information on risk and its flow amongst stakeholders;
Reassessment of risk priorities and reallocation of resources and incentives accordingly; and
Strengthening the capacity and resilience of business and political and administrative institutions at all levels

4. Activities of Risk Center on Global Risks
Critique methodology for identifying an measuring risks
Modeling interdependencies associated with global risks
Impact of risk perception and learning on decisions to invest in mitigation measures
Developing and analyzing questionnaire on global risks to WEF participants and possibly including several questions in annual CEO survey