’The UK takes a different view on major risks to its global peers,’ says insurer’s UK managing directorCyber incidents have topped the list as the biggest worry for UK companies, according to the Allianz Risk Barometer. Published yesterday (16 January 2024) to coincide with the beginning of the World Economic Forum in Davos, Switzerland, the annual survey also saw cyber incidents top global business concerns. However, while cyber incidents, such as ransomware attacks, data breaches and IT disruptions topped the list both in the UK and across the globe, fewer UK respondents selected this risk type as one of their top three concerns. Cyber risks also dominated the global rankings by company size, with respondents from small, medium and large companies ranking the risk type as the most significant. Nadia Côté, Allianz Commercial’s managing director for the UK, commented: ”The UK takes a different view on major risks to its global peers.

Source: The Times January 17, 2024 12:55 UTC