Business interruption and supply chain risk are the top concerns of risk managers and corporate insurance agents around the world, but cyber-security and political risks are gathering steam, according to the Allianz Risk Barometer 2015.
The fourth annual such survey by international financial services firm Allianz SE found that 46 percent of respondents cited business interruption and supply chain risk as their firms’ greatest risks, followed by natural catastrophes at 30 percent. However, cyber-risks are quickly moving up on corporate radar screens, cited by 17 percent of those surveyed this year, compared to 12 percent last year. Political risks also saw a spike in growth, up to 11 percent compared to just 4 percent in last year’s survey. Risks from theft, fraud, and corruption dropped slightly, cited by 9 percent of respondents compared to 10 percent in last year’s survey.
