Allianz’s Risk Barometer 2018 has been released its annual survey of risk experts from 80 countries. The highest-ranking threats to corporations are contained in the report, which spans the globe and offers insight from 1,911 respondents on what various nations believe to be the greatest areas of concern.
For the first time, the No. 1 risk this year in the U.S. (with 45% of the vote) is cyber incidents (moving up from No. 2 from last year), with business interruption also considered the largest loss driver after a cyber incident. (See the full list in the graphic on the next page of this story.)
Cyber risk modeler Cyence, which partners with Allianz Global Corporate & Specialty, estimates that the average cost impact of a cloud outage lasting more than 12 hours for companies in the financial, healthcare and retail sectors could total $850 million in North America and $700 million in Europe.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
