Overall – and despite the pessimistic view of the economy – investors are also confident that a slow economic recovery will not impact their investments, with data showing 80% saying they were confident about how their portfolios performed. Will do
While inflation remains a top concern, a survey by insurer Allianz Global Corporate & Specialty cited cyber incidents as the biggest risk.
The firm’s survey of experts, including CEOs, risk managers, brokers and insurance companies in 89 countries and territories, found cyber incidents (44%) occurred just before business interruptions (42%) and natural disasters (25%).
AGCS CEO Joachim Müller said, “‘Business disrupted’ will continue to be a major underlying risk theme in 2022.” “The biggest fear for most companies is not being able to produce their products or offer their services. 2021 saw unprecedented levels of disruption due to various triggers. Supply chains crippled by cyberattacks, many climate change-related weather events The impact, as well as manufacturing problems and transportation bottlenecks related to the pandemic, wreaked havoc.
Businesses that are better prepared and more resilient to business disruption can offer investors less risk. However, the pandemic, though slipped to the fourth spot on the risk index, is still a potential issue for businesses.