A report by Allianz has profiled the top 10 business risks for 2017, including cyber threats, political risks, risks to reputation and new technologies.
The Allianz Risk Barometer asked 1,200 risk experts around the world to name the risks most likely to affect companies in the coming 12 months. Many of the expected risks are named in the survey – including political uncertainty, cybercrime and disruption from new technologies – but the number one risk remained business interruption (including supply chain disruption).
Top global business risks for 2017
The report also looked at the perceived business risks around the world, with some notable differences:
- Business interruption was the main perceived risk to business in France, Canada, the US, Spain, Italy, Singapore and Australia.
- Cyber incidents were considered the main business risk in Germany, the UK South Africa.
- Macroeconomic developments were the main perceived risk in Nigeria, while the top risk for Japanese businesses was natural catastrophes.
- The biggest risk for Chinese firms was 'market developments'.
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