World Economic Forum’s 2017 Executive Opinion Survey
Business leaders across the insurance industry are signalling rising concern about non-economic risks such as cyber and politics, according to the World Economic Forum’s 2017 Executive Opinion Survey.
Over 12,400 risk executives across 136 countries were asked to identify the global risks of highest concern for doing business in their country.
In 2016, UK risk executives ranked large cyber-attacks as the highest concern for businesses. This year, executives’ responses identified fiscal crises and an asset bubble as the greatest concern for businesses in the UK.
Mark Weil, CEO, UK & Ireland, Marsh, said: “This year, the combination of high stock markets and government and personal debt levels, together with uncertainty surrounding Brexit and already fragile economic growth, are of particular concern to UK executives.”
He went on to say, “However, following a number of high-profile cyber-attacks this year, it’s clear that UK leaders remain gravely concerned about cyber security and the threat cyber risk poses to doing business in the UK. No single solution is a panacea but there are measures UK firms can take to ensure they are well protected against attacks and best placed to survive them.”
Explore the exclusive survey results below, or read an overview of the threats on the minds of business leaders worldwide on BRINK.