According to the latest Guy Carpenter & Co. survey, cyber attacks and cyber terrorism rank among the top emerging risks concerning the reinsurance industry in the year ahead.
The third annual survey polled insurance and reinsurance executives at the 2014 Property Casualty Insurers Assn. of America (PCI) Annual Meeting held this year in Scottsdale, Ariz. The survey was designed to identify what reinsurance professionals believe are the key drivers and threats to profitable growth in the industry. This year's survey examines which emerging risk respondents felt to be most threatening to the industry in the coming year.
Forty percent of the survey participants ranked cyber attacks as the most threatening emerging risk, while 31% and 29% cited terrorism and climate change as the most threatening. In comparison, 82% of survey respondents felt that space risk was the least threatening to the industry.
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