A trio of risks lead the pack in the 10th edition of the famous Allianz Risk Barometer, which has just been published. Unsurprisingly, it states that firms are facing disruption and loss scenarios in the wake of the pandemic which will have a long-lasting impact on various aspects of their operations. Alongside this, the almost 3000 person strong group made up of brokers, industry trade organizations, risk consultants, underwriters, senior managers and claims experts from global businesses, ranked cyber risk highly. Cyber crime, IT failure/outage, data breaches, fines and penalties has been high on the agenda of the C-level in recent history and will undoubtedly remain so in the years to come.
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