Business Interruptions, Natural Catastrophes Top 2014 Enterprise Risks
Business interruption and supply chain, natural catastrophes and fire/explosion top the list of company risks in 2014, according to the third annual Allianz Risk Barometer.
The study surveyed more than 400 corporate insurance experts from 33 countries, and it highlights the increasing complexity of business risks, including a combination of technological-, economic- and regulatory-related risks, potentially creating a systemic threat for businesses, a Business Wire press release states. Allianz suggests that enterprises can respond to these growing challenges through stronger internal controls, combined with a holistic approach to risk management.