Written by John Drzik President, Global Risk and Specialties, Marsh
Published Wednesday 11 January 2017
Technology will continue to play a vital role in promoting global prosperity. New advances are poised to increase economic productivity, provide radical healthcare solutions and combat climate change, among other benefits.
But the pace of innovation in areas such as artificial intelligence (AI), the internet of things (IoT) and biotechnology is also creating new risks — ones that will be amplified in a world where geopolitical tensions, nationalism and social instability are on the rise. Businesses need to consider the threats stemming from technological change through the lens of the shifting global risks landscape.
Now in its 11th edition, The Global Risks Report 2016 completes more than a decade of highlighting the most significant long-term risks worldwide, drawing on the perspectives of experts and global decision-makers.
A survey of more than 1,200 risk managers and corporate insurance experts in over 50 countries identified business interruption as the top concern for 2017. According to the sixth annual Allianz Risk Barometer of top business risks, this is the fifth successive year that business interruption has been seen as the biggest risk.
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