A recent World Economic Forum (WEF) survey revealed that while unemployment/underemployment represented the top global risk concerning business leaders, North American businesses cited terrorist attacks, large cyberattacks, climate change, and technology risks as their main worries.
“While the threat of a large cyberattack remains a chief business concern among North American executives, 2017 saw an increase in concern for terrorist attacks and climate risks, most likely due to recent high profile events,” said Martin South, president, Marsh US and Canada. “Businesses should work with their risk advisers to thoroughly examine how these threats could impact their operations and determine appropriate risk management and business continuity measures. The good news, particularly for technology risks, is the insurance market is flush with capacity and now routinely provides protection for business interruption exposure in addition to more traditional cyber liability.”
Read more at https://www.advisenltd.com/2017/09/21/geopolitical-risk-global-business-world-economic-forum
Erin Ayers, Economic, geopolitical risks most worry global business leaders: World Economic Forum survey (September 21, 2017), available with subscription at Advisen Professional Front Page News.
Advisen Ltd. 