Filed Under:Risk, Corporate Risk

Aon: 44% of Nations Have Identifiable Terrorism Risk

In 2013, 44 percent of 200 countries and territories analyzed by Aon Risk Solutions “have an identifiable risk of terrorist attacks.”

Neil Henderson, head of Aon Risk Solutions’ Crisis Management Terrorism team, says the risk of terrorism is having an increasing impact on global organizations, and aside from casualties, businesses face property damage, business interruption, legal-liability issues and long-term damage to brand and reputation.

Aon’s 10th annual Terrorism and Political Violence Map allows businesses to “plan overseas expansion or international growth.” It differs from Aon’s map released in March by factoring in the risk of terrorism, rather than just political risk.

The following pages show the highs and lows of Aon’s most recent ratings and trends by region.

Europe

 

Nations Where Risk Improved: 10

Albania, Belarus, Denmark, Germany, Italy, Moldova, Netherlands, Portugal, Romania, United Kingdom 

Nations Where Risk Worsened: 2

Netherlands, Poland 

Northern Europe has seen some improvements, evidenced by the United Kingdom’s improved rating compared to 2012. But fiscal and economic pressures mean businesses in southern European countries still face a higher level of risk associated with civil disruption, according to Henry Wilkinson, head of the Intelligence and Analysis practice at Risk Advisory.

(AP Photo/Petros Giannakouris)

South America/Central America

 

Nations Where Risk Improved: 1

Nicaragua

Nations Where Risk Worsened: 4

Argentina, Costa Rica, Paraguay, Suriname

The global-economic crisis, shifting geopolitical balances and two years of unusually high levels of civil upheaval present challenges for businesses looking to expand, Wilkinson says.

(AP Photo/Eraldo Peres)

Africa/Middle East/North Africa

 

Nations Where Risk Improved: 3

Botswana, Gabon, Zimbabwe

Nations Where Risk Worsened: 5

Central African Republic, Egypt, Jordan, Niger, United Arab Emirates

Civil wars in Libya and Syria in particular present risks in nearby countries. Egypt returns to the highest-risk category this year. The Middle East is the most unstable region with 64 percent of countries at high or severe risk ratings.

(AP Photo/Hassan Ammar)

Asia/Australia

Nations Where Risk Improved: 4

East Timor, Laos, Maldives, Papua New Guinea,

Nations Where Risk Worsened: 2

Suriname, Fiji

India, Pakistan, and Thailand were among the 44 percent of countries with identifiable threat of terrorism. The three were among 10 nations identified as the worst affected.

(AP Photo/B.K. Bangash)

North America

 

Risk Level

Negligible: 1

Low Risk: 2

Medium Risk: 1

Mexico improved to medium risk compared to last year’s analysis while Canada and the United States are designated low risks. Nearby Greenland earns the status of negligible risk. In this region, the risks businesses are most likely to encounter are:

• Terrorism and sabotage

• Strikes, riots, civil commotion and malicious damage to property

• Insurrection, revolution, rebellion, mutiny, coup d’état, war and civil war. 

(AP Photo/Elise Amendola)

Top Story

The 'Lake Effect' in action: Here's what Buffalo looks like today

Western New York State has been bombarded with snow this week, with more than 5 feet falling near Buffalo -- and an additional 2 feet is expected to fall through tomorrow.

Top Story

The 7 hidden costs of 'cheap' car insurance

Car insurance generally comes in two flavors: cheap or effective. Choose one.

More Resources

Comments

eNewsletter Sign Up

Risk Management Report eNewsletter

Identify problems involving emerging risks, reinsurance, and business interruption with help from Risk Management Report - FREE. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.