For the fourth year in a row, cybersecurity and the interconnectedness of infrastructure was named as the top emerging risk in an anonymous international survey of actuaries.
The “11th Annual Survey of Emerging Risks,” issued by the Casualty Actuarial Society, Canadian Institute of Actuaries and the Society of Actuaries’ Joint Risk Management Section, asked a group of approximately 220 risk managers to weigh in on everything from terrorism and financial volatility to regional instability and asset price collapse.
Ranking Emerging Risks
Since 2014, cybersecurity and the interconnectedness of infrastructure has led the pack of imminent risks, though the percentages have stabilized somewhat. Cyberthreats represented the top concern for 65 percent of those surveyed in 2015, for example, but this number fell to 53 percent in 2016 and remained constant in 2017.
After cybersecurity, terrorism, technology, regional instability and asset price collapse rounded out the list of the top five emerging risks. Financial volatility, meanwhile, fell off of the list in 2017 despite holding the No. 2 spot for the three previous years.
The survey asked actuaries to identify the top current risk,…
