- 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.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses. Among them are not only the world’s largest consumer brands, financial institutions, tech companies and the global aviation and shipping industry, but also floating wind farms or Hollywood film productions. They all look to AGCS for smart solutions to, and global programs for, their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.
Worldwide, AGCS operates with its own teams in more than 30 countries and through the Allianz Group network and partners in over 200 countries and territories, employing around 4,250 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2021, AGCS generated a total of €9.5 billion gross premium globally.
For more information please visit our website www.agcs.allianz.com
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