Business interruption (BI) is the most important global risk for the sixth year running, according to the Allianz Risk Barometer 2018. As the risk landscape develops, companies now face an increasing number of scenarios ranging from traditional exposures like water, fire and supply chain disruption, to new intangible risks related to cyber in the ever-digitizing world.

Cyber risk has continued an upward trend in the Allianz Risk Barometer 2018, which surveys 1,900 risk experts from 80 countries and ranks the most pressing business risks keeping executives awake at night. Five years ago, cyber ranked #15 in the report, but it has now shot up to #2 globally, #1 in the US, and it has become the most feared BI trigger. This is likely due to recent cyberattacks like WannaCry and Petya/NotPetya, which caused significant financial losses to numerous businesses.
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January 19, 2018 No Comments vanheldenagencies Business Insurance, Cyber Insurance