Allianz Risk Barometer 2026

Why It Matters

Understanding the intertwined nature of cyber, AI and geopolitical risks enables firms and insurers to build resilient, data‑driven strategies that protect operations and financial performance in an increasingly volatile environment.

Key Takeaways

• Cyber risk tops global risk rankings, now intertwined with supply chains.
• AI threats surge, creating complex liability and claim assessment challenges.
• Geopolitical instability threatens supply chain continuity, demanding diversified mitigation.
• Board oversight and continuous investment essential for business interruption resilience.
• Risk managers' roles expand, with salaries rising 150% across firms.

Summary

Allianz's 2026 Risk Barometer, now in its 15th year, surveyed over 3,300 risk professionals across nearly 100 countries and 23 sectors to rank the top ten global business threats. The report highlights how technology, geopolitics and regulation are increasingly interwoven, turning isolated hazards into systemic challenges.

Cyber risk retained the number‑one slot, but claims have grown far more intricate as attackers exploit third‑party vendors and global infrastructure, forcing insurers to untangle supply‑chain dependencies and assess coverage limits. AI emerged as the fastest‑growing urban risk, with unclear legal frameworks and a rise in AI‑related claims—17 in 2025, about 8 % of security claims—prompting insurers to develop new underwriting criteria.

Geopolitical turbulence was flagged as a “black‑swan” risk capable of paralyzing global supply chains within five years, driving firms to diversify suppliers and monitor political developments closely. Executives emphasized board‑level oversight and continuous investment in resilience, noting that risk‑manager salaries have jumped 150 % as companies embed risk programs throughout the organization.

The barometer signals that businesses must treat cyber, AI and geopolitical threats as interconnected, requiring holistic risk‑management strategies, robust insurance solutions and ongoing data‑driven monitoring to safeguard continuity and protect shareholder value.

Original Description

Download all the information related to the Allianz Risk Barometer here: https://explore.aic-allianz.com/allianz-risk-barometer-2026

Cyber attacks, AI liability, and geopolitical disruption are reshaping the global risk landscape. In this episode of Insurance Business TV, Allianz Commercial leaders break down the latest Allianz Risk Barometer and explain why cyber remains the top business threat, how AI is creating new claims and compliance challenges, and why supply chain paralysis is becoming a growing concern for companies worldwide.

Watch for expert insight on the interconnected risks now defining business resilience in 2026.