Posted by Robert Cooper on Jan 19 2015
Insurance Business online reports that the following are considered the biggest risks for 2015 according to a survey.
Top Australian Risks 2015
- Business interruption and supply chain – 47%
- Loss of reputation or brand value – 35%
- Intensified competition – 35%
- Talent shortages/aging workforce – 24%
- Natural catastrophes – 24%
- Market stagnation or decline – 18%
- Market fluctuations – 18%
- Commodity price increases – 18%
- Changes in legislation/regulation – 12%
- Credit availability – 12%
Top global risks 2015
- Business Interruption and supply chain – 46%
- Natural catastrophes – 30%
- Fire/Explosion – 27%
- Legislative/regulatory changes – 18%
- Cyber crime, IT failures, data breaches and espionage – 17%
- Loss of reputation/brand value – 16%
- Market stagnation/decline – 15%
- Intesifeid competition – 13%
- Political/social upheaval or war – 11%
- Theft, fraud and corruption – 9%
