While 92% of executives are optimistic about future business growth, they’re still concerned about geopolitical risks, according to a report from Chubb.
In a survey of more than 500 business leaders in the United States and Canada, most respondents (60%) said cybersecurity threats are their top geopolitical concern.
Other top concerns include escalating tensions between major powers (42%), resource scarcity and climate change (39%), trade wars and protectionism (38%) and political instability in key regions (32%).
Many companies reported using a range of risk mitigation tools and techniques, including monitoring cyber incidents, educating and training employees and performing risk assessments.
Larger companies were more likely to report confidence in their risk management strategy compared to small businesses. Among those surveyed, 66% of middle-market companies and 68% of large companies said they’re effective at mitigating risks across the enterprise, compared to just 51% of small businesses who said the same.
Companies surveyed said insurance is the best way to mitigate cybersecurity threats (48%), financial risks (44%) and technology risks (41%).
“Insurance alone isn’t a risk mitigation cure-all, but it certainly plays an important role,” said Christopher Maleno, Chubb senior vice president, in the report.
The slideshow above highlights 10 geopolitical risks to watch in 2025, from the Eurasia Group’s annual Top Risks report.
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