Insurers will in future have to grapple more with cases that do not necessarily result in quantifiable damage. These include terrorism as well as data loss.
Cyber incidents, i.e. criminal attacks or data leaks, are among the business risks that German companies rank at the top of their danger list. This is what the industrial insurer Allianz Global Corporate & Speciality concludes in its Allianz Risk Barometer 2017 . German companies still ranked such risks in third place last year.
Companies in this country rank the risk of operational downtimes in second place; for example, as a result of a disturbance in the supply chain. In the overall international view, however, the fear of operational interruptions, as already in recent years, takes first place, followed by unpredictable market developments and cyber risks in 3rd place.
Political risks and outbreaks of violence such as war or terrorism also appear among the top ten most frequently mentioned risks in Germany for the first time. From an insurance perspective, these threats - as is the case with cyber threats - are "non-damage events": heavy losses without tangible damage. When it comes to disruptive technologies such as artificial intelligence, 3D printing or drones, in contrast, only 18% of respondents see a risk for their own business.