Business and supply chain interruption (BI) is the top risk for businesses globally for the fourth consecutive year, according to the 2016 Allianz Risk Barometer. However, many companies are concerned that BI losses, which usually result from property damage, will increasingly be driven by cyber attacks, technical failure or geopolitical instability as opposed to “traditional” natural catastrophes or fire. 

Rounding out the top three global business risks are market developments (i.e., market volatility or stagnation and intensified competition) and cyber incidents (i.e., cyber crime, data breaches and technical failures). Cyber incidents also were cited as the most important long-term risk for companies in the next 10 years. In contrast, natural catastrophes dropped two positions to fourth, reflecting the fact that losses from natural disasters have reached their lowest level since 2009. 

To download the full report, visit agcs.allianz.com/assets/PDFs/Reports/AllianzRiskBarometer2016.pdf