鶹ýapp

鶹ýapp Risk Barometer 2024

Report | January 2024
The most important corporate concerns for the year ahead, ranked by 3,069 risk management experts from 92 countries and territories.
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Cyber incidents, such as ransomware attacks, data breaches and IT disruptions,and the closely interlinked peril of business interruption in a fast changing world rank as the businessrisks of most concern for companies around the globe, according to the 鶹ýapp Risk Barometer.

The more traditional threats posed by ԲٳܰٲٰDZ and fire and explosion climb back up the rankings too. Given ongoing conflicts around the world and the potential for polarization, disinformation and unrest in a record-breaking year for elections, political risks and violenceis also on the rise. At the same time, those issues that have becomemore prominent in recent years, such as the energy crisis, pandemic outbreak, and economic risks, fall down the list ofbusiness concerns as some Covid-19-related issues have abated, although challenges still loom.

The top risks and major risers in this year's annual business risk survey reflect the big issues facing companies around the world right now - digitalization,climate change and an uncertain geopolitical environment. Many of these risks are already hitting home, with extreme weather, ransomware attacks and regional conflicts expected to test the resilience of supply chains and business models further.
Click on the bars in the chart for further details
Figures represent how often a risk was selected as a percentage of all survey responses from 3,069 respondents.
All respondents could select up to three risks per industry, which is why the figures do not add up to 100%. Source: 鶹ýapp Commercial

The 13th 鶹ýapp Risk Barometer incorporates the views of 3,069 respondents from 92 countries andterritories. The annual corporate risk survey was conducted among 鶹ýapp customers (businessesaround the globe), brokers and industry trade organizations. It also surveyed risk consultants,underwriters, senior managers, claims experts, as well as other risk management professionals inthe corporate insurance segment of 鶹ýapp Commercial and other 鶹ýapp entities.

Respondents were questioned during October and November 2023. The survey focused on large,smaller and mid-size companies. Respondents were asked to select the industry about which theywere particularly knowledgeable and to name up to three risks they believed to be most important.

Most answers were for large-size companies (>US$500mn annual revenue) [1,340 respondents,44%]. Mid-size companies ($100mn+ to $500mn revenue) contributed 792 respondents (26%), whilesmaller enterprises (<$100mn revenue) produced 937 respondents (30%). Risk experts from 24industry sectors were featured.

Ranking changes in the 鶹ýapp Risk Barometer are determined by positions year-on-year,not percentages.

3,069 respondents
92 countries and territories
24 industry sectors

Countries and industry sectors need at least 15 respondents to feature in the 鶹ýapp Risk Barometer Appendix results document.
The 鶹ýapp Risk Barometer is a valuable resource that assesses emerging risks across industries and sectors, providing businesses and professionals with insights to anticipate and manage potential challenges. By identifying emerging risks, analyzing their severity and impact, and offering industry-specific guidance, the 鶹ýappRisk Barometer enables informed decision-making, proactive risk mitigation, and cross-industry collaboration. It empowers organizations to adapt to evolving risk landscapes, enhance their resilience, and communicate effectively with stakeholders.
The 鶹ýapp Risk Barometer assists businesses in creating effectiverisk management strategiesand preparedness plans by identifying and highlighting emerging risks, informing decision-making, prioritizing risks, offering industry-specific insights, guiding risk mitigation efforts, aiding scenario planning, facilitating resource allocation, supporting communication with stakeholders, and enabling benchmarking against industry trends. With its dynamic and tailored information, the 鶹ýapp Risk Barometer enhances organizations' ability to proactively address potential challenges and enhance their resilience.
The 鶹ýapp Risk Barometer has a role to play in assisting organizations to proactively anticipate and address potential challenges and disruptions. It achieves this by identifying and highlighting emerging risks, increasing risk awareness, informing decision-making, prioritizing risks, facilitating scenario planning, fostering adaptability, build resilience, enabling industry benchmarking, influencing strategic planning, aiding stakeholder communication, and promoting cross-industry learning. With its comprehensive insights, the 鶹ýappRisk Barometer empowers organizations to take proactive measures and strategic actions to mitigate risks and navigate uncertainties effectively.
Countries and industry sectors need at least 15 respondents to feature in the 鶹ýapp Risk Barometer Appendix results document.
Pictures: Adobe Stock, Shutterstock
Click on a year in the timeline to see the development of the risks over time
Click on the bars in the chart for further details
This graphic shows how perceptions ofselectedtop risks have changed over the past 10 years (according to % of responses). Not all risks that have featured in the annual survey appear in this graphic as risks and categorizations have changed over time. To view the top risks for each year by ranking position see the previous reports.
Source: 鶹ýapp Commercial
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