Allianz Risk Barometer 2024: Top concerns around the world
Source: Allianz Risk Barometer 2024 | Allianz Commercial
Design by Chris Nicholls
The graphics show the top three risks in selected countries and whether each risk is considered to be more or less important than 12 months ago or is in the same position.
Australia
Brazil
Canada
China
France
Germany
India
Italy
Japan
Nigeria
Singapore
South Africa
Spain
Switzerland
UK
USA
Cyber incidents replaces natural catastrophes as this year’s top business concern, while shortage of skilled workforce becomes a top three ranked peril.
Cyber Natural catastrophes Shortage of skilled workforce
Climate change soars from #8 in 2023 to become this year’s top risk for the first time.
Climate change Business inetrruption Cyber
Companies are worried about the increasing number of disruptive scenarios they face.
Business interruption Cyber Natural catastrophes
Fire and explosion moves up four positions year-on-year to become a top three risk, while political risks is a new peril in the top 10.
Cyber Business interruption Fire
Cyber incidents is the new top peril for businesses and changes in legislation and regulation is a new top three risk.
Cyber Business interruption Changes in legislation
The top three risks are unchanged year-on-year, with cyber incidents ranking as the top peril for the seventh year in a row.
Cyber Business interruption Natural catastrophes
Climate change moves in to the top three risk threats with a third of responses.
Business interruption Cyber Climate change
Cyber incidents ranks as the top risk for the fourth year in succession.
Cyber Natural catastrophes Business interruption
Macroeconomic developments ranks as the top risk for the second year in a row, alongside changes in legislation and regulation and cyber incidents.
Changes in legislation Cyber Macroeconomic developments
While the top three perils remain unchanged year-on-year, climate change climbs to become a top five risk.
Business interruption including supply chain disruption is the new top risk, up from #2 in 2023.
Business interruption Cyber Fire
Business interruption and legislative or regulatory change rank as higher concerns for companies than in 2023.
Natural catastrophes is a new entry in the top 10 business risks after a number of storm and flood events during 2023.
Cyber incidents is the new top risk for US businesses, while a record loss total from severe thunderstorms sees natural catastrophes rise to #3.
Changes in legislation and regulation ranks as the top risk for the second year in succession.
Changes in legislation Macroeconomic developments Market developments
Fear of power disruption or failure ranks as the top risk for the second year in a row.
Critical infrastructure blackouts Cyber Business interruption
Risk higher than in 2023 Risk lower than in 2023 No change from 2023
