In this report we detail our predictions for the risk technology landscape in 2021 and beyond. Chartis’ annual Big Bets report is an opportunity for us to consolidate some of the market trends we will explore in detail in the reports we have planned for the year. Some Bets track major movements in the marketplace, such as regulation, accounting standards and the advanced analytics that are catalyzing new ways of working. Others represent more subtle changes that indicate progressive cultural shifts, such as the rise of environmental, social and governance (ESG) concerns, the transition to renewable energy, and wealth management outsourcing.
Inevitably, of course, much of our analysis will be shaped by the COVID-19 pandemic that dominated social, economic and political activity in 2020. In April 2020 Chartis published a short risk bulletin that outlined the likely technology impacts of the COVID-19 pandemic over the ensuing weeks and months. As context for this report we revisit that analysis, casting a longer-term look past the first-order effects of the pandemic to identify the trends and dynamics that will shape the risk technology landscape in the coming months.