Allianz issued its Risk Barometer 2019 listing the top business risks for this year. For the 2019 edition, Allianz surveyed more than 2,415 risk experts from 86 countries about the perils that worry them most. The survey identified cyber, neck-and-neck with business interruption, at the top of the Allianz Risk Barometer for the first time.
According to the report, cyber, autonomous shipping and piracy risks are the current major concerns for the industry as economic pressures challenge budgets. 85 large ships lost worldwide in 2016, down 50% over a decade. Top losses were reported in South China and Southeast Asia and now East Mediterranean region is considered as the top incident hotspot.
A new report conducted by Allianz has found that companies face rising liability losses around environmental, cyber, product defect and recall risks, although improvements in risk management and safety regulation are leading towards a gradual reduction in everyday incidents, such as slips and falls, accidents and workplace injuries in developed markets.
Allianz Global Corporate & Specialty has released a new report on the Panama Canal Expansion Project to commemorate the opening of the new locks on June 26th. Allianz examines how this project will impact traffic of larger vessels, value of insured goods and risk management
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