Allianz Global Corporate & Specialty

AGCS REGIONAL UNIT LONDON & NORDICS

Allianz Risk Barometer 2021

Our annual survey identifies the
top global business risks

The Allianz Risk Barometer, which identifies the top corporate risks for the next 12 months and beyond, has been released! For the past nine years the report has consistently delivered key insights while helping to provide valuable insight to new and existing clients.

Global and Regional Top Risks

TOP 3 RISKS globally

open top ten

Top ten risks globally

Rank
Percent
1.
Business interruption (incl. supply chain disruption)
41%
2.
Pandemic outbreak (e.g. health and workforce issues, restrictions on movement)
40%
3.
Cyber incidents (e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)
40%
4.
Market developments (e.g. volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation) 
19%
5.
Changes in legislation and regulation (e.g. trade wars and tariffs, economic sanctions, protectionism, Brexit, Euro-zone disintegration) 
19%
6.
Natural catastrophes (e.g. storm, flood, earthquake, wildfire) 
17%
7.
Fire, explosion 
16%
8.
Macroeconomic developments(e.g. monetary policies, austerity programs, commodity price increase, deflation, inflation)
13%
9.
Climate change/increasing volatility of weather
13%
10.
Political risks and violence (e.g. political instability, war, terrorism, civil commotion, riots and looting) 
11%
41%

Business Interruption

(incl. supply chain disruption)

40%

Pandemic Outbreak

(e.g. health and workforce issues, restrictions on movement)

40%

Cyber Incidents

(e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)

TOP 3 RISKS IN THE UK

open top ten

Top ten risks in the uk

Rank
Percent
1.
Pandemic outbreak (e.g. health and workforce issues, restrictions on movement) 
44%
2.
Cyber incidents (e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)
42%
3.
Business interruption (incl. supply chain disruption) 
41%
4.
Changes in legislation and regulation (e.g. trade wars and tariffs, economic sanctions, protectionism, Brexit, Euro-zone disintegration) 
28%
5.
Market developments (e.g. volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation) 
25%
6.
Natural catastrophes (e.g. storm, flood, earthquake, wildfire) 
13%
7.
New technologies (e.g. impact of artificial intelligence, autonomous vehicles, 3D printing, Internet of Things, nanotechnology, blockchain)
12%
8.
Fire, explosion 
12%
9.
Political risks and violence (e.g. political instability, war, terrorism, civil commotion, riots and looting) 
9%
10.
Theft, fraud, corruption 
3%
44%

Pandemic Outbreak

(e.g. health and workforce issues, restrictions on movement)

42%

Cyber Incidents

(e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)

41%

Business Interruption

(incl. supply chain disruption)

TOP 3 RISKS IN THE NORDICS

open top ten

Top ten risks in the nordics

Rank
Percent
1.
Cyber incidents (e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)
60%
2.
Business interruption (incl. supply chain disruption)
45%
3.
Pandemic outbreak (e.g. health and workforce issues, restrictions on movement)
33%
4.
Market development (e.g. volatility, intensified competition/new entrants, M&A, market stagnation, market fluctation)
22%
5.
Changes in legislation and regulation (e.g. trade wars and tariffs, economic sanctions, protectionism, Brexit, Euro-zone disintegration)
18%
5.
Climate change/increasing volatility of weather
18%
7.
Fire, explosion
16%
8.
Product recall, quality management, serial defects
11%
8.
Natural catastrophes (e.g. storm, flood, earthquake)
11%
8.
Shortage of skilled workforce
11%
60%

Cyber Incidents

(e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)

45%

Business Interruption

(incl. supply chain disruption)

33%

Pandemic Outbreak

(e.g. health and workforce issues, restrictions on movement)

TOP 3 RISKS IN DENMARK

open top ten

Top ten risks in the denmark

Rank
Percent
1.
Business interruption (incl. supply chain disruption) 
53%
1.
Cyber incidents (e.g. cyber crime, IT failure/outage, data breaches, fines and penalties) 
53%
3.
Pandemic outbreak (e.g. health and workforce issues, restrictions on movement) 
38%
4.
Changes in legislation and regulation (e.g. trade wars and tariffs, economic sanctions, protectionism, Brexit, Euro-zone disintegration) 
24%
5.
Fire, explosion 
18%
6.
Market developments (e.g. volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation) 
15%
7.
Natural catastrophes (e.g. storm, flood, earthquake, wildfire) 
9%
7.
New technologies (e.g. impact of artificial intelligence, autonomous vehicles, 3D printing, Internet of Things, nanotechnology, blockchain) 
9%
9.
Critical infrastructure blackouts (e.g. disruption of power) 
6%
10.
Theft, fraud and corruption 
3%
53%

Business Interruption

(incl. supply chain disruption)

53%

Cyber Incidents

(e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)

38%

Pandemic Outbreak

(e.g. health and workforce issues, restrictions on movement)

TOP 3 RISKS IN SWEDEN

open top ten

Top ten risks in the sweden

Rank
Percent
1.
Cyber incidents (e.g. cyber crime, IT failure/outage, data breaches, fines and penalties) 
55%
2.
Business interruption (incl. supply chain disruption) 
45%
3.
Market developments (e.g. volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation) 
35%
3.
Pandemic outbreak (e.g. health and workforce issues, restrictions on movement) 
35%
5.
Climate change/increasing volatility of weather 
25%
6.
Product recall, quality management, serial defects 
25%
7.
Fire, explosion 
20%
8.
Natural catastrophes (e.g. storm, flood, earthquake, wildfire) 
15%
8.
Shortage of skilled workforce 
15%
10.
New technologies (e.g. impact of artificial intelligence, autonomous vehicles, 3D printing, Internet of Things, nanotechnology, blockchain) 
10%
55%

Cyber Incidents

(e.g. cyber crime, IT failure/outage, data breaches, fines and penalties)

45%

Business Interruption

(incl. supply chain disruption)

35%

Market developments

(e.g. volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation)

NB. Individual country lists not available for Norway and Finland – Allianz applies a minimum number of respondents threshold for country reporting to ensure meaningful results.

Downloads

Full Report

Register here to access to the full report.

Executive Summary Presentation

Top Business Risks for 2021 Executive Summary.

Country and Industry Risks

Access to the report highlight PDF.

Podcast

AGCS’ Kelly Castriotta discusses all things cyber in this special Allianz Risk Barometer 2020 podcast.

Previous Reports

Risk barometer reports enable us to inventory top line issues since 2012. This helps our industry experts to look back and also predict on upcoming trends.

Video

Watch the video to learn more about the 10 major threats for companies through 2021 and beyond.

Your Regional Contacts

Alfredo Alonso
Alfredo Alonso
Managing Director Regional Unit London & Nordics
Andrew Whitehouse
Andrew Whitehouse
Head of Marine, Regional Unit London & Global Product Leader Cargo
United Kingdom
Marine
Anthony Vassallo
Anthony Vassallo
Regional Head of Energy & Construction
United Kingdom
Energy & Construction
Dan Tomlinson
Dan Tomlinson
Regional Head of ART
United Kingdom
Alternative Risk Transfer
Ian Mercer
Ian Mercer
Regional Head of Entertainment
United Kingdom
Entertainment
Jen Rex
Jen Rex
Regional Head of Distribution
United Kingdom
Distribution
John Warton
John Warton
Regional Head of ARC
United Kingdom
Allianz Risk Consulting
Jonathan Milford-Cottam
Jonathan Milford-Cottam
Regional Head of Aviation
United Kingdom
Aviation
Lars Vissing
Lars Vissing
Regional Head of Claims
Denmark
Claims
Luke Baker
Luke Baker
Regional Head of Liability
United Kingdom
Liability
Stefania Davi-Greer
Stefania Davi-Greer
Regional Head of Financial Lines
United Kingdom
Financial Lines
Tim McGain
Tim McGain
Regional Head of Property
United Kingdom
Property
Christian Bendtsen
Christian Bendtsen
Head of Distribution Denmark
Denmark
Distribution
Ilkka Ilmonen
Ilkka Ilmonen
Head of Distribution Finland
Finland
Distribution
Mikael Granström
Mikael Granström
Head of Distribution Sweden
Sweden
Distribution
Morten Wang
Morten Wang
Head of Distribution Norway
Norway
Distribution
Peter Hecht-Hansen
Peter Hecht-Hansen
Nordic distrubution Director
Denmark
Distribution
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