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Cyber, business interruption biggest business problem: Allianz



Cyber ​​incidents and business interruption were ranked as the first and second most important business issues for the coming year for the second year in a row as macroeconomic developments and energy issues rose sharply to third and fourth place respectively.

Allianz surveyed 2,712 risk management experts from 94 countries and territories interviewed in October and November 2022 for its survey, according to the report.

Most responses, 1,281 respondents, or 47%, were for large companies with more than $500 million in annual revenue. Mid-sized businesses with between $250 million and $500 million in revenue contributed 519 respondents, 19%, while small businesses with less than $250 million in revenue provided 91

2 respondents, 34%.

Both cyber and business disruption maintained their rankings from last year, but macroeconomic developments moved from 10th place to third place in just one year while energy supply shortages and disruptions and price fluctuations, dubbed “energy crises” in the rankings, made a new appearance on the list .

“Changes in legislation and regulations” held its fifth place on the list as natural disasters dropped from third to sixth and climate change from sixth to seventh.

The lack of skilled labor rose to eighth place from ninth, while fire and explosion dropped to ninth from seventh place. Political risk and violence rose to 10th place from 13th last year to round out the top 10 concerns.

“For the second year in a row, the Allianz Risk Barometer shows that companies are most concerned about increased cyber risks and business interruptions. At the same time, they see inflation, an impending recession and the energy crisis as immediate threats to their business,” AGCS CEO Joachim Mueller said in a statement together with the report.


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