Cyber, business interruption top corporate concerns: Allianz

Cyber ​​incidents and business disruptions ranked first and second for the second year in a row, as macroeconomic developments and energy concerns surged to third and fourth places respectively.

Allianz conducted a survey of 2,712 risk management professionals from 94 countries and territories from October to November 2022, the report said.

Most of the responses, 1,281 respondents (47%), were for large companies with more than $500 million in annual revenue. Midsize businesses with revenue between $250 million and $500 million contributed 519 respondents (19%), while small businesses with revenue less than $250 million contributed 912 respondents ( 34%).

Both cyber and business disruption maintained their rankings last year, but macroeconomic development rose from 10th to 3rd place in just one year, with energy supply shortages labeled an ‘energy crisis’ in the rankings. And power outages, price fluctuations appeared anew. list.

“Changes in laws and regulations” ranked fifth on the list, as natural disasters dropped from third to sixth place and climate change dropped from sixth to seventh.

Shortage of skilled labor rose from 9th to 8th place, while fire and explosion fell from 7th to 9th place. Political risk and violence rounded out the top 10 concerns, rising from 13th last year to 10th place.

“For the second year in a row, the Allianz Risk Barometer shows that companies are most concerned about rising cyber risks and business disruption. We regard it as an imminent threat to the

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