In the wake of an historic number of natural catastrophes, the insurance industry has released its findings on the top risks that companies may face going into 2013. The Allianz Risk Barometer 2013, is a survey conducted last fall by Allianz Global Corporate & Specialty (AGCS) that tracks the losses and claims and the loss statistic within the insurance industry. The following is an excerpt from a recent post on the Canadian Underwriters website, and can be read in its entirety by clicking through at http://www.canadianunderwriters.ca/.
Business and supply chain interruption, natural disasters and fire and explosion have been identified by more than 500 corporate and industrial insurance experts across the Allianz Group as key risks that companies in particular regions and sectors face in 2013.
Fire has sparked new interest, moving up on the risk manager’s agenda from tenth in 2011 to third in 2012, notes Allianz Risk Barometer 2013, a survey conducted last fall by Allianz Global Corporate & Specialty (AGCS) and released yesterday. (Although there were 529 respondents from 28 countries, since multiple answers for up to industries were possible, 843 answers were delivered.)
“Its resurgence in this year’s survey shows that companies should not compromise their fire protection systems due to economic pressures,” says Thomas Varney, head of risk consulting, Americas for AGCS, which provides insurance and risk management support across the spectrum of marine, aviation and corporate business. [emphasis added]