Page 13 - Turkinsurance Digital Magazine

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Business interruption are the second

highest threat globally

Aon Turkey Co-CEO Selda Oknas Tanbay; “The requirement of being a strong company
in the new era is to value data, analysis and expertise”

How are the global expectations for the • The four risks that are decisively among both globally and in Europe.
business world shaping up? How is the the top 10 risks in all regions are listed
global business world changing? as follows: Cyber Attacks/Data Breaches, What awaits the business world in our
Business Interruptions, Economic Slow- country in 2022?
The pandemic, which we have been feel- down/Slow Recovery and Legislation/Law
ing the effects of intensively for the last Changes. The risks that await the global business
two and a half years, continues to stand world also apply to the business world in
in the face of the business world with all • Supply chain or distribution decommis- our country. We have discussed the risks
the changes it has created in 2022. Vac- sioning was again among the top 10 risks, that await the entire business world,
cination rates have increased, successful while Europe and North America were in-cluding our country, in the coming pro-
results have begun to be obtained in vari- identified as the highest risk due to the ep- cess in our “2021 Cybersecurity Risk Re-
ous antiviral drug studies, but “alarming” idemic and geopolitical effects. port”. We have identified five risk areas
variants such as Omicron raise concerns that are critical in the near term as fol-
about the continuity of the fluctuating lows:
course that we have experienced over the “Leaders are shifting their
past two and a half years. That is why focus from an ”event- • Artificial intelligence: Machine learning
we are at a turning point where businesses is advancing at an astonishing pace and
are not only focusing on overcoming the based” risk assessment is an inevitable part of the way organiza-
current challenges facing them, but also approach to an “impact- tions do business. With the development of
turning to thinking about other long-term artificial intelligence, which makes choic-
risks and how to prepare for them. The based” risk assessment es for institutions and people, artificial
global business world is in a shell change approach” intelligence can pose risks against attacks
in this direction. Our Aon Global Risk that may affect these choices.
Management Survey Report also in-cludes
the 10 biggest risks on the agenda of busi- • Although not among the highest glob- • Alternative payment methods: The need
ness leaders, as well as prepara-tion, re- al risks, labor shortages and problems for alternative payment methods is grow-
lated losses and management steps related related to retaining talent received high ing. Institutions that increase interaction
to each risk. The findings high-lighted in risk scores in the Asia Pacific and North with the masses that do not use banks need
the report are listed as follows: America regions. to evaluate the risks of business models
that are ori-ented from business to con-
• Epidemic Risk/Health Crises rose from • Managers working in the fields of En- sumer.
60th in the 2019 survey to seventh in ergy and Natural Resources, Guest Hos-
2021 and is among the top 10 risks in all pitality, Travel and Leisure, and Life • Technology supply chain: As more and
regions except North America. Sciences identified Business Inter-ruption more sensitive data and intellectual prop-
as the number one risk. erty are exchanged through third-party
• Business interruption are the second software, organizations need to be cau-
highest threat globally. Survey partic-ip- • Commodity Price Risk/Shortage of Ma- tious when assessing their vulnerabilities
ants in Asia Pacific and Europe identified terials was identified as the number one and exposure to cyber risk.
this risk as the highest threat. risk by participants from the Food, Ag-
riculture and Beverage and In-dustrial • Pension plans: Pension plans have ac-
• It is predicted that Commodity Price & Production sectors. Commodity Price cess to financial resources and exten-sive
Risk/Material Shortage will be the biggest Risk/Materials Shortage is expected to data sources. Institutions need to know
risk in the future. rank among the top five risks by 2024, who holds the keys to em-ployees' retire-