Willis Towers Watson

1. Regulatory Risk: The company is subject to stringent regulations from governments and regulatory bodies around the world. With changes in these regulations or any alterations due to geopolitical events, the company could potentially be exposed to legal and financial risks.

2. Reputational Risk: The company acts as an advisor to insurance companies and also other financial services institutions which could damage its reputation if any ethical misconduct is reported or any unlawful practices are discovered.

3. Cybersecurity Risk: As the company holds confidential information of insurance brokers and other financial services institutions, it is vulnerable to cyber-attacks and security breaches. This could lead to financial losses or reputational damage if the breach is significant.

4. Financial Risk: The company is dependent on third-party contracts or agreements to generate its revenues. In the event of default or renegotiation of these contracts, it could lead to financial losses or disruption of its operations.

5. Operational Risk: The company is exposed to operational risks due to its underlying businesses. These risks could arise out of poor quality management, failure in compliance and due to compliance related issues or errors in the internal processes.