Social Transformation and Social Risks

Social Transformation

The growing divide between rich and poor, the lack of equal opportunities regarding age, ethnic background and nationality, gender and gender identity, physical and mental abilities, religion and ideology, sexual orientation and identity as well as social backgrounds increases social tensions. The Club of Rome deems equality and justice as part of the ideal solution for a liveable future.

Companies cannot shirk their responsibility in this regard. For instance, social issues are becoming more and more important as we are facing an inevitable demographic change that has already resulted in a systemic shortages on the job market.

In the past, humans used to be regarded as resources. Now, humans with all their resources take centre stage. The concept of Industry 5.0. does exactly that. It places the human being at the centre to promote and foster diversity, different talents, and activities. Many companies have already initiated a transformation process because employees nowadays attach more importance on meaningful work. They believe that they can make a difference when it comes to resilience and sustainability.

We are undergoing times of permanent change, which many refer to as systemic transformation or multiple crises strung together. This change takes place in different fields and segments. They, in turn, are interlinked at various levels. HORIZON’s risk-oriented approach aims to define and outline the key areas of change affecting your company. In doing so, we take a close look at the systemic influences of ecological, geopolitical, technological and social transformation on your company’s risk landscape.

Read what our risk expert had to share regarding the future of social risks in front of us.

In this next series of three articles written by Gen Z’ers, we explore the perspectives, challenges, and opportunities the young generation must face both in their private and professional lives.
Georg Winter discussed with Hartwig Löger, CEO of VIG, whether our societies are risk literate enough and why organisations don’t shout about transforming social aspects of their organisations.
Since 2004, property prices in Austria have exploded. The consequences of this situation are far-reaching.
The future of claims and underwriting in the insurance industry is set to be revolutionised by AI and digital technologies, driven significantly by the tech-savvy Gen Z workforce.
The Zoomer´s approach to risk management is influenced by their heightened awareness of global issues, digital fluency, and sense of community.
As Gen Z enters the workforce, they bring a strong sense of social responsibility and a deep commitment to sustainability.
Arjeta Puca, an entrepreneur and founder of Timak talks about challenging gender norms and advancing gender equality.
Gabriele Andratschke met with Kaido Kepp, Head of IIZI Finance and Administration to discuss their investment in innovative approaches and carefully designed solutions.
Is it a cliché to think women must work harder to succeed in male-dominated industries?

Georg Winter

CEO GrECo Group

T +43 664 962 39 06