Companies are facing a trio of Covid-19-related risks, which pose potential disruption and loses to business in 2021.
 Thusang Mahlangu, CEO, Allianz Global Corporate & Specialty South Africa |
The 10th Allianz Risk Barometer for African companies asked CEOs, risk managers, brokers and insurance experts around the world to name their top three risk concerns for the year ahead. For the 2021 study, a record 2,769 experts from 92 countries and territories participated, including more than 600 from across the Africa and the Middle East region.
Top three risks
- Covid-19
- Business interruption
- Cyber incidents
Pandemic, business interruption and cyber risks are strongly interlinked, reflecting the growing vulnerabilities of our highly globalised and connected world, where actions in one place can spread rapidly to have worldwide effects.
Unpredictable and extreme events
The pandemic outbreak has added to the already growing concerns for business interruption and cyber risk exposures among risk professionals, given the increasing reliance on technology, online sales and global supply chains. Prior to the pandemic, business interruption had already finished at the top of the Allianz Risk Barometer…
