The top corporate perils in Croatia are related to conditions of doing business, notably frequent changes in legislation and regulation, according to the latest Allianz Risk Barometer.
The sixth annual Allianz Risk Barometer, published by Allianz Global Corporate & Specialty, is based on the responses of 1,237 risk experts from 55 countries.
In Europe, the top business risk for 2017 is business interruption and supply chain disruption, followed by cyber crime such as data breaches and technical IT failures, and market developments such as volatility, intensified competition, and market stagnation.
In Croatia, the main business risks are changes in legislation, changes in government, economic sanctions, protectionism, market developments such as volatility, intensified competition, new entrants, mergers and acquisitions, market stagnation, market fluctuation, and macroeconomic developments such as austerity programs, commodity price increase, deflation and inflation.
Companies worldwide are bracing themselves for a year of increased uncertainty, driven by unstable markets and growing political threats such as protectionism or terrorism. Digital dilemmas such as the impact of new technologies, cyber incidents and natural catastrophe activity are rising concerns as well, but business interruption remains the top risk, according to the Barometer.