Marine Insurance in North America

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Fire, explosion

Ranking #6 overall, fire, explosion (19%), up from #9 in 2023, is a significant peril for companies and global supply chains.

Allianz Risk Barometer 2024 | Expert risk article

Top risks for smaller and mid-size companies

Whether cyber-attack or flood, loss events tend to hit smaller and mid-size companies much harder, with longer periods of disruption.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Climate change

Climate change (18%) may be a non-mover year-on year at #7, but this risk’s importance is clearly also reflected in natural catastrophes’ rise in the rankings.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Market developments

Protectionism is one of three paradigm shifts identified as being behind market developments (13%) rising to #9.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Cyber incidents

Cyber incidents is the top global risk in the Allianz Risk Barometer – for the first time by a clear margin (36% of responses, 5 percentage points ahead).

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Shortage of skilled workforce

Shortage of skilled workforce (12%) falls from #8 to #10, although demographic change still means a shortage of skilled labor in many sectors worldwide.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Natural catastrophes

In a sign that companies are feeling the impact of extreme weather and climate events, natural catastrophes rank #3, up three positions on last year.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Political risks and violence

Unsurprisingly, given ongoing conflicts in the Middle East and Ukraine, and tensions between China and the US, political risks and violence (14%) rises up to #8 from #10.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Business interruption

Business interruption (31%) retains its position as the second biggest threat in the 2024 survey.

Allianz Risk Barometer 2024 | Expert risk article

Risk in focus: Changes in legislation

Despite vows to reduce bureaucracy, companies will still face new rules and regulations in 2024 ensuring changes in legislation and regulation (19%) rises one place to #4.