UK ELECTION OF MOST CONCERN FOR AIRMIC MEMBERS

The elections in the UK and US are of the greatest concern to Airmic members by far, with 2024 being touted as the biggest election year in history. Half of the world’s population will be going to the polls in over 70 countries.

Respondents to the Airmic Big Question poll this week raised concerns over the future of the UK economy as well as over policy changes in the event of a new government. The opposition Labour party has been consistently leading in the polls for at least a year.

Meanwhile, a potential return of Donald Trump to the presidency has sparked concerns that the US could withdraw from international organisations such as the North Atlantic Treaty Organization (NATO) – with ramifications for geopolitics amid ongoing wars between Ukraine-Russia and Israel-Hamas.

“In this ‘year of elections’ a further effect could be a swing in global power,” said Julia Graham, Airmic CEO. “According to the latest Edelman Trust Barometer report, resistance to innovation in Western societies is political. In the US this is the most extreme with rejection of innovation highest from those with a political leaning to the right. One might argue that a further Trump presidency is the greatest threat we face to innovation and global stability.”

“While the UK and US elections were always going to be key for our members and their organisations, the stakes this time round are especially high,” said Hoe-Yeong Loke, Head of Research at Airmic. “Add potential artificial intelligence-induced election interference to the mix of geopolitical turmoil and macroeconomic uncertainty, and what you would get is a vicious circle of volatility around the world.”

Launched this month, the weekly Airmic Big Question takes the pulse on trends that impact risk professionals and their organisations, to provide regular and timely insights for the industry.

If you would like to request an interview and or have any further questions, please let me know.

We will be sharing the results of the Airmic Big Question with the press weekly.

Media contact: Leigh Anne Slade
Leigh-Anne.Slade@Airmic.com
07956 41 78 77