• 10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three business risks for 2021 – all strongly interlinked.
• Macroeconomic developments, Fire, explosion are joint top business risk in Ghana followed by Business interruption at #3 and Pandemic outbreak at #4.
• Pandemic outbreak rockets to #2 from #17 globally and is seen as main cause of business interruption in 2021, followed by cyber. Companies look to de-risk supply chains and boost business continuity management for extreme events.
• Market developments (#4), macroeconomic developments (#8) and political violence (#10) all rising risks. Socioeconomic consequences of the pandemic will bring more insolvencies and likely fuel further civil unrest in 2021. Climate change falls to #9 but will be back on the board agenda as a priority in 2021.
A trio of Covid-19 related risks 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…
