Cloud computing, deflation, digital slander and concussions in sport are among emerging risks featured in a new Swiss Re report.

The report highlights 26 risk themes likely to emerge in the next three years or longer, and categorises them as high, medium or low-impact.

“Economic, technological, sociopolitical and environmental changes modify the risks we face,” Head of Group Qualitative Risk Management Philippe Brahin says.

“Even when the risks stay constant, changing norms and laws can shift their burden from one party to another.”

The report identifies four risks with a potentially high impact within three years, including the increasing use of cloud computing and the potential for data leakage and resource hijacking.

There are also dangers from contagious emerging market crises driven by tapering US Federal Reserve asset purchases, a eurozone crisis that could lead to deflation and the short-term approach of global policymakers.

Further into the future, air pollution and increased health problems could prompt more litigation against polluters, car manufacturers and energy companies.

Medium risks in the next three years include sport concussions, genetic testing issues, digital slander, the emergence of e-cigarettes, food and water safety, secession risks in Europe and a plant pathogen threat to rubber production.

The report says emerging risks are difficult to quantify but could have a major impact on society and industry.

See ANALYSIS