On a global basis, businesses fear myriad risks, chief among them economic, business interruption and destructive natural catastrophes, such are the results of a study conducted by Allianz Global Corporate & Specialty (AGCS) of its risk consultants.
AGCS, the global corporate and specialty insurer in the Allianz Group, conducted the survey during the second half of 2011 to identify the risks respondents expected to have the greatest impact on their livelihoods. Not surprising, economic risk was cited most frequently (by 21 percent of respondents), with a looming recession and the sovereign debt crisis listed as issues, along with rising commodity prices and foreign currency fluctuations.
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