Stock illustration: Global gears working together

Earlier this month, Marsh Specialty released its "Political Risk Report 2022." Not surprisingly, the area of risk that experienced the most growth is war and civil war—although for most of the world, the probability of such an event remains low.

Marsh generates its geopolitical risk ratings using a proprietary, algorithm-based modeling system that incorporates more than 200 international indices across 197 countries. The model scores each risk on a scale of 0.1 to 10.0, where 0.1 indicates the lowest possible risk and 10.0 the highest.

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