There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance.
A trio of Covid-19 related risks — business interruption, the pandemic outbreak and cyber incidents— heads up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic.
Business interruption (#1 with 41% responses) and pandemic outbreak (#2 with 40%) are this year’s top business risks with cyber incidents (#3 with 40%) ranking a close third.
The annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS) incorporates the views of 2,769 experts in 92 countries and territories, including CEOs, risk managers, brokers and insurance experts. The barometer identifies the top corporate risks for the next 12 months and beyond.
“Business interruption, pandemic and cyber are strongly interlinked, demonstrating the growing vulnerabilities of our highly globalized and connected world,” said Joachim Müller, CEO of AGCS. “The coronavirus pandemic is a reminder that risk…
