At the start of 2020, it seemed that globalization, technology, and conflicting ideologies were the main catalysts for international political strife. But a new threat has since emerged, shifting government priorities unlike ever before. In January 2020, Time reported on the top 10 geopolitical risks of 2020. Recently, and for the first time, Time revisited those risks and revised their outlooks based on the impact of the novel coronavirus. The COVID-19 pandemic has forced societies and governments to navigate a new normal as they manage domestic outbreaks. Previous geopolitical issues may be on the back burner for now, however, new tensions may surely arise. "As the geopolitical landscape becomes increasingly uncertain, multinational organizations and financial institutions have elevated their awareness of inherent challenges in regions of concern," says Marsh. "The past several years have shown that seemingly tranquil countries and regions can erupt quickly, and the nature of events is becoming increasingly unpredictable as they are fueled by social media. The risk of business interests concentrated in one or a few regions is an issue among companies that do business in traditional and emerging hot spots." Political risk insurance could, however, offer protection for global corporations by providing coverage against the loss of business due to political events. Read about the top geopolitical risks of 2020 and the potential impact COVID-19 could have on each, according to Time, in the slideshow. Related: |

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