The top risks for UK businesses in 2024
The Allianz Risk Barometer is an annual global report identifying the top corporate risks for the year ahead.
It’s based on the insight of over 3,000 risk management experts from 92 countries and territories including CEOs, risk managers, brokers and insurance experts and is being published for the 13th time.
We take a closer look at the report’s UK data and explain what the top risks are for the UK in 2024.
View the 2024 Global Report here.
The UK’s top 10 risks for businesses in 2024
1 – Cyber Incidents – (e.g. cyber crime, IT network and service disruptions, malware/ransomware, data breaches, fines and penalties). Learn more here.
2 – Business Interruption – (including supply chain disruption). Learn more here.
3 – Natural catastrophes – (e.g. storm, flood, earthquake, wildfire, extreme weather events). Discover more about how natural catastrophes are a risk for businesses here.
4 – Shortage of skilled workforce. Discover more on how a shortage of skilled workforce is a risk for businesses here.
5 – Climate change – (e.g. physical, operational and financial risks as a result of global warming.) Discover about how climate change is a risk for businesses here.
6 – Political risks and violence – (e.g. political instability, war, terrorism, coup d’état, civil commotion, strikes, riots, looting.) Discover about political risks and violence are a risk for businesses here.
7 – Changes in legislation and regulation – (e.g. tariffs, economic sanctions, protectionism, Euro-zone disintegration.) Discover how changes in legislation and regulation are a risk for businesses here.
8 – Macro-economic developments – (e.g. inflation, deflation, monetary policies, austerity programmes.) Discover how macro-economic developments are a risk for businesses here.
9 – New technologies – (e.g. risk impact of AI, autonomous vehicles, lithium-ion batteries, electric vehicles, Metaverse.) Discover how new technologies are a risk for businesses here.
10 – Market developments – (e.g. intensified competition/new entrants, M&A, market stagnation, market fluctuation.) Discover market developments are a risk for businesses here.
