Risk Barometer 2016: Supply chain interruption ranks first
According to the Allianz Risk Barometer 2016, business and supply chain interruption (BI) remains the top risk for businesses globally for the fourth year in succession. However, many companies are concerned that BI losses, which usually result from property damage, will increasingly be driven by cyber-attacks, technical failure or geo-political instability as new “non-physical damage” causes of disruption.
34% cited market developments such as intensified competition or market volatility/stagnation as one of the three most important business risks in 2016, ranking this new survey category as the second top peril overall. Cyber incidents ranked third (News Item Allianz, 13 January 2016).
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