Allianz Global Corporate & Specialty (AGCS) publishes 12th annual survey of key business risks around the world, according to 2,700+ respondents
Pandemic outbreak plummets down the list of worries as Covid-19 restrictions have largely been removed
Climate-related concerns increase in Asia Pacific, with natural catastrophes and climate change amongst the top five risks
SINGAPORE – Media OutReach – 17 January 2023 – It is both stability and change in the Allianz Risk Barometer 2023. Cyber Incidents and Business Interruption rank as the biggest company concerns for the second year in succession (both with 34% of all responses). However, it is Macroeconomic Developments such as inflation, financial market volatility and a looming recession (up from #10 to #3 year-on-year), as well as the impact of the Energy Crisis (a new entry at #4) which are the top risers in this year’s list of global business risks, as the economic and political consequences of the world in the aftermath of Covid-19 and the Ukraine war take hold.
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