9.1 Introduction

The field of risk management is experiencing a significant evolution, propelled by technological innovations, global complexities, and shifting business dynamics. Traditional risk management approaches are being reimagined to address the multifaceted challenges of our interconnected world. This chapter explores key trends transforming risk management practices, from the integration of AI and data analytics to the growing focus on organizational resilience. By embracing these emerging trends, businesses can mitigate risks more effectively and leverage risk management as a strategic tool for competitive advantage in an increasingly uncertain global landscape.

We will be discussing some of the important emerging trends in risk management.