Core Insights - The report identifies a shift in global stability characterized by 'gray-zone aggression', which involves ambiguous tactics between peace and war [1] Industry Impact - Gray-zone aggression has evolved into a significant threat for businesses, disrupting markets and undermining confidence, which was previously not recognized as a major risk [2] - This challenge is now influencing geopolitical risk appetite and testing the resilience strategies of all major sectors [2] Recommendations for Corporate Risk Management - Companies must enhance their risk management programs to include strategic foresight and operational readiness against gray-zone attacks [3] - Organizations should treat gray-zone aggression as a material business risk rather than a temporary nuisance to avoid late reactions with severe consequences [3] Specific Actions for Risk and Insurance Leaders - Re-evaluate insurance policy language to ensure alignment with the current risk environment [5] - Elevate gray-zone aggression as an enterprise-level risk and continuously monitor geopolitical developments [5] - Stress test supply chain resilience to account for potential disruptions from geopolitical tensions [5] - Strengthen crisis management strategies to handle ambiguous events effectively [5] - Integrate scenario thinking into strategic planning to reveal unexpected exposures and test various operational assumptions [5]