Once again, cyberattacks and business interruption ranked as the top two risks on Aon PLC's global risk management survey, which queried nearly 3,000 risk managers, C-suite leaders and other executives in 61 countries. "The world is more volatile, reflecting a series of profound transitions across trade, technology, weather and workforce issues that have awoken business leaders to the increasingly interconnected nature of risk and people challenges," Aon CEO Greg Case said in a release. The inability to attract and retain talent is becoming more urgent as it now ranks among the top five global challenges facing risk managers today. Aon reported that chronic employee shortages alongside workers' demands for better work/life balance make having "competitive employee value propositions and well-being strategies" vital for pulling and retaining the talent. The potential revenue impact that workforce shortages could have on production and distribution were the biggest concerns voiced by survey respondents regarding labor force risks. A widening skills gap and capacity are also of growing concern, as entire industries struggle to maintain sufficient staffing. Aon reported that climate risk and threats from artificial intelligence were notably missing from the global top 10 rankings, suggesting that risk managers lack awareness about the effect these factors can have on a corporate risk profile. "What is more confounding are the risks that are noticeably unaccounted for in leaders' assessments of the challenges they must address, notably climate risk," Andy Marcell, CEO of risk capital and CEO of reinsurance solutions at Aon, said in a release. "What leaders need now are insights from advanced analytics and modeling alongside innovative parametric solutions that will help them make better decisions today and protect them in the future." The above slideshow reviews the top-ranked global risks, according to a survey of risk managers conducted by Aon. Related:
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