Seelan Naidoo
The Allianz Risk Barometer 2018 reveals that risks of storms, earthquakes and floods are a top concern for businesses operating in the engineering, construction and real estate industries. Business interruption risks at 40% are in #2, showing a steady increase from 2017. Fire, explosion is a new emerging threat at #3 with 29%, which is a 6% increase from the previous report. Cyber incidents are #4 at 22% while market related risks such as Changes in legislation and regulation stand at #5 with a 21% reading. The report is published annually by Allianz Global Corporate & Specialty (AGCS), and is based on the insight of a record 1,911 risk experts from 80 countries. (more…)
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