Allianz Risk Barometer ranks biggest business risks for 2024

Allianz Risk Barometer ranks biggest business risks for 2024
  1. Cyber incidents – same rank in 2023
  2. Business interruption – same rank in 2023
  3. Natural catastrophes – up from sixth spot
  4. Changes in legislation and regulation – up from fifth spot
  5. Macroeconomic developments – down from third spot
  6. Fire, explosion – up from ninth spot
  7. Climate change – same rank in 2023
  8. Political risks and violence – up from 10th spot
  9. Market developments – up from 11th spot
  10. Shortage of skilled workforce – down from eighth spot

More specifically, cyber is the top business risk in the UK, the US, Australia, as well as in Asian countries Japan and India; business interruption in Canada, Malaysia, Singapore, South Korea, and Thailand; changes in legislation in China; and natural catastrophes in Hong Kong.

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