Aon
Transportation & Logistics Industry Highlights
Aon’s 2021 Global Risk Management Survey
Supply chain issues, business interruption, commodity price risks and cyber attacks continue to dominate the headlines and the concerns of businesses in Aon’s 2021 Global Risk Management Survey. Yet, despite the increase in reported levels of risk readiness, the growing volatility and changing nature of top ten risks has led to one of the highest ever reported loss of income for businesses in recent history.
To navigate these significant shifts in the business environment, industry-specific insights are key for risk advisors, brokers and insurance executives.
Which risks are top-of mind, what is on the horizon, and how are leaders preparing for the unknown?
- Pandemic Risk: Jumped from #60 in 2019 to #7, the biggest rise yet
- TCOIR: Only 41% measure Total Cost of Insurable Risk, a downward trend
- Cyber Attacks/ Data Breach: The #1 risk had the highest level of risk readiness – 87%
- M&A: 53% proactively assess most critical and emerging risks as part of the deal- making process
Top 10 Risks for the Industry
- Economic Slowdown/ Slow Recovery
- Cyber Attacks/ Data Breach
- Business Interruption
- Pandemic Risk/ Health Crises
- Political Risk
- Regulatory/ Legislative Changes
- Supply Chain or Distribution Failure
- Damage to Reputation/ Brand
- Accelerated Rates of Change in Market Factors
- Property Damage
