The Top Risks of 2013 [List]
From the Lloyd's of London, one of the world's largest insurance conglomerates, comes the Top Risks of 2013.
The Methodology: They asked respondents about their attitudes of 50 risks across five categories.
The categories:
If you look at "who" filled out the survey, 55% were either a CEO, President, or Managing Director. The location of the people polled was also well diversified, 26% from North America, 10% from Latin America, 28% from Europe and 31% from Asia. Much of the data we hear, coming from studies like these, are usually incredibly biased. Finally a study that has a smart sample.
So want to know what the five top risks are?
- High Taxation
- Loss of Customers/Cancelled Orders
- Cyber Risk
- Price of Materials
- Excessively Strict Regulation/Changing Legislation
Number two strikes this author as midly alarming. Could it be a sign that business has slowed down worldwide? Another reason to be thankful for living in Saskatchewan which has experienced a period of growth while the majority of the world has been in a mild to major recession.
Cyber risk makes sense. As more and more organizations rely on "the cloud", online networks and intranets, online security is becoming a top priority. It will be interesting to see how the insurance industry reacts to the ever changing online landscape.
45. Windstorm
46. Drought
47. Threats to biodiversity and conservation affecting our operations
48. Earthquake
49. Impact of Space Weather
50. Volcanic Eruption
How about the least worrysome of the 50 risks? Volcanic Eruption?! Obviously these are very interesting risks. The "least of the most risky", just wait till you read them!
To download a copy of the Lloyds of London risk index for 2013 click here.
