2019 is barely underway but it's safe to say a sense of uncertainty is hovering over its outlook. Many of the global business risks that plagued 2018 — like the trade war between the U.S. and China — have been amplified as a solution remains elusive. Other risks are relatively new but just as detrimental to businesses operating on a global scale. To prepare, businesses need to understand the current risk landscape. But risks are constantly changing, making risk identification much more crucial today than in years past. Related: Rising geopolitical tensions named the most urgent risk in 2019, report says |

What risks are keeping businesses on their toes?

The eighth Allianz Risk Barometer incorporated the views of 2,415 respondents from 86 countries. The annual corporate risk survey was conducted among Allianz customers (global businesses), brokers and industry trade organizations. Researchers also surveyed risk consultants, underwriters, senior managers and claims experts in the corporate insurance segment of both Allianz Global Corporate & Specialty (AGCS) and other Allianz entities. As businesses navigate around the 2019's major risks, the insurance industry's role will expand exponentially. One thing is clear: Greater risk assessment is required when offering coverage solutions. With this in mind, here are the top 10 global business risks to watch in 2019, according to Allianz. Related: The three P's that'll determine the world economy in 2019: Swiss Re

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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