Business Daily Media

The Times


.

Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at #2 in Asia Pacific

  • Cyber, especially ransomware attacks, ranks as the #1 risk for companies of all sizes (36% of responses)
  • Artificial Intelligence is the biggest riser and jumps from #9 to #2 (32%), highlighting the emerging risks for companies in almost all industry sectors
  • Business interruption, strongly connected to geopolitical risks and natural catastrophes, remains a significant concern at #3
SINGAPORE - Media OutReach Newswire - 14 January 2026 - Cyber incidents created many headlines in 2025 and are still the biggest worry for companies in Asia Pacific and globally in 2026, according to the Allianz Risk Barometer.

The past year has also been a significant one for accelerated adoption of artificial intelligence (AI), which is reflected in its ranking as the biggest riser in the annual survey at #2 as a complex source of operational, legal, and reputational risk for businesses. For the first time in five years, Business interruption is not in the top two risks for Asia Pacific, dropping to #3. Yet, this peril remains a significant concern given it can be a consequence of other risks in the top 10.

Asia Pacific Top 10 risks
Asia Pacific Top 10 risks

Allianz Commercial CEO Thomas Lillelund comments: "Following the volatility and uncertainty of 2025, businesses continue to face interconnected and highly complex risks in 2026's fast-changing environment. Given the continuing rise of AI across society and industry, it is unsurprising that it is the big mover in the Allianz Risk Barometer. As well as bringing huge opportunities, its transformative potential and rapid evolution and adoption are also reshaping the risk landscape, making it a standout concern for firms of all sizes worldwide, alongside other more established threats."

Christian Sandric, Allianz Commercial President, Commercial, Asia Pacific, says, "The evolving risk landscape, particularly in the areas of cyber threats and the adoption of AI, pose new challenges to businesses in the region. With Asian economies playing a pivotal role in global and regional trade, the potential for business interruption also remains a significant concern. This volatile environment stresses the importance of resilience in a business' supply chain, response measures, and risk management strategies to withstand and recover from disruptions."

Cyber risks the biggest concern for companies

Cyber incidents is the top risk in Asia Pacific, and a top three risk in Australia, Hong Kong, India, Japan, Singapore, South Korea, and Thailand. The Asia Pacific region experienced the most cyberattacks in 2024, increasing 13% year-on-year and accounting for 34% of attacks globally. While businesses in Asia, in particular large companies, have shown an increase in cyber resilience and appetite for cyber risk transfer solutions, their overall cyber coverage is generally lower compared to American or European peers and a significant portion of large organizations still remain self-insured.

Globally, cyber incidents is the top risk for the fifth year in a row, with its highest-ever score (42% of responses), and by a higher margin than ever before (+10%). It ranks as the main corporate concern in every region (Americas, Asia Pacific, Europe, and Africa and Middle East). The continued presence of cyber at the top of the Allianz Risk Barometer reflects a deepening reliance on digital technology at a time when the cyber threat landscape, and geopolitical and regulatory environments, are fast evolving.

AI creates emerging risks as well as new business opportunities

Ranking #2 in Asia Pacific, AI is a top three risk and biggest riser in Australia, China, Hong Kong, India, Malaysia, and Singapore, economies which are in the top 50% in terms of AI readiness. More than 90% of companies in the region are planning to scale up Generative AI over two years, with a focus on managing costs and lifting revenues.

Globally, AI has surged into the top tier of business concerns, rising to #2 (32%) in 2026 from #10 in 2025 – the biggest jump in this year's ranking. It is a big mover in all regions – ranked #2 also in the Americas, Africa and the Middle East, and #3 in Europe – and is a growing risk for companies of all sizes too, moving into the top three for large, mid-sized and smaller firms. As AI adoption accelerates and becomes more deeply embedded in core business operations, respondents expect AI-related risks to intensify, especially when it comes to liability concerns. The rapid spread of generative and agentic AI systems, paired with their growing real-world use, has raised awareness of just how exposed organizations have become.

Business interruption strongly connected to geopolitical risks and natural catastrophes

Business interruption (BI) is the third most significant risk in Asia Pacific and a top three risk in China, India, Japan, Malaysia, Philippines, Singapore, and South Korea. The closely linked risk of changes in legislation and regulation – which includes trade tariffs – ranks #4 (25%), unchanged year-on-year driven by concerns over growing protectionism. Commerce is increasingly taking place between geopolitically aligned economies, resulting in new paths in global trade and the emergence of next generation trade hubs, including Vietnam, Malaysia, and Thailand in the region.

2025 marked a shift towards protectionist trade policies and tariff wars that brought uncertainty to the world economy. Geopolitical risks are putting supply chains under increasing pressure, but as risks rise, just 3% of Allianz Risk Barometer respondents view their supply chains as "very resilient". In the past year alone, trade restrictions have tripled to affect an estimated US$2.7trn of merchandise – nearly 20% of global imports according to Allianz Trade – fueling companies exploring trends such as friendshoring and regionalization. These developments lead to a high-risk perception – 29% of respondents rank BI as a top peril, placing it at #3 globally, although it drops a position year-on-year.

Natural catastrophes ranks #5 (22%) in Asia Pacific, and is a top three risk in Japan, Malaysia, Philippines, and Thailand. The region experienced several natural catastrophes in 2025, including the Myanmar Earthquake, Typhoons Matmo, Ragasa, and Bualoi, Cyclone Alfred, wildfires in South Korea, as well as floods in Malaysia and Thailand. A delayed onset of the tropical cyclone season resulted in flooding and landslides, exerting a high human and economic toll in Asia where the insurance gap remains high at over 80%. According to research, there has been a significant increase in the intensity of tropical cyclones in recent decades, and these trends are linked to rising ocean temperatures and climate change, which retains its #6 ranking (19%) in the survey.

Resources:

Hashtag: #Allianz #AllianzCommercial #AllianzRiskBarometer #ARB2026


The issuer is solely responsible for the content of this announcement.

About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world's largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, , and network of the world's #1 insurance brand, we work together to help our customers prepare for what's ahead: They trust us in providing a wide range of traditional and risk transfer solutions, outstanding and services as well as seamless handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2024, the integrated business of Allianz Commercial generated around €18 billion in gross premium globally.

News from Asia

Brother "Managed Print Service" Enables Businesses to Reduce Operating Costs and Enhance Efficiency with Flexible Deployment

HONG KONG SAR – Media OutReach Newswire – 5 October 2026 – Amid rising operating costs and accelerating digital transformation, many small and medium-sized enterprises (SMEs) in Hong Kong ar...

NAMAA Revolutionizes Food Delivery in the Middle East with the Launch of Future Foods and Picnic

HONG KONG SAR – Media OutReach Newswire – 5 October 2026 – NAMAA has announced the launch of Future Foods and Picnic, two new ventures that support restaurants, businesses and consumers across t...

Benchmarking Asia's Global Hubs: Hong Kong General Chamber of Commerce Unveils the Asian Cities Internationality Index 2026

Tracking 11 major cities to assess internationality, the index provides data-driven insights to shape urban policy, guide business strategy, and encourage regional exchange HONG KONG SAR – Media O...

Patience Is Being Repriced as Government Borrowing, AI And Energy Compete For Long-Term Capital: GIC CEO Lim Chow Kiat

Fifth WMI Global-Asia Family Office Summit examines portfolio resilience and next-generation readiness as WMI research identifies meaningful participation as a key marker of preparednessSINGAPORE –...

Siam Piwat to Invest US$300 Million (THB10 Billion) in ICONPHUKET, The Icon of Southern Wonders, Opening in 2029

ICONPHUKET will create a first-of-its-kind Hybrid Retail-Attraction & Entertainment Destination, featuring 12 extraordinary world-class attractions designed to captivate global aud...

Prime Supermarket Launches Fresh Quby Fruity Coin Banks PWP Collection, Developed by DTC World

Four fruit-themed Quby coin banks are being released two weeks apart at all 24 Prime Supermarket outlets until 31 December 2026. Singapore-headquartered creative merchandise company DTC World handl...

Rethinking the 10,000-Step Myth: How "Movement Snacks" Can Reclaim Energy for Hong Kong's Desk Workers

Clinical PNOE testing on Joe Wicks MBE reveals sedentary lifestyles degrade fat-burning efficiency in just 72 hoursHONG KONG SAR – Media OutReach Newswire – 5 October 2026 – For millions of busy ...

Huawei and Qualcomm Announce Broad Patent License Agreement

SHENZHEN, CHINA – Media OutReach Newswire – 5 October 2026 – Huawei and Qualcomm today announced a multi-year, broad patent license agreement that includes cross licenses to the companies' patent ...

Chubb Wealth Q4 2026 Investment Outlook: A Less Synchronized World

HONG KONG SAR – Media OutReach Newswire – 5 October 2026 – Chubb Wealth released its Q4 2026 Investment Outlook, A Less Synchronized World, highlighting a resilient but increasingly uneven global...

Thailand's LTR Visa Hits 12,000 Approvals in Four Years, Adding USD 1.28 Billion to the Economy

BANGKOK, THAILAND – Media OutReach Newswire – 5 October 2026 – The Long-Term Resident (LTR) visa has attracted 12,010 high-potential foreigners to Thailand in four years, generating approximately ...

Customer Service Is Becoming Part of the Small Business Sales and Marketing Engine

For Customer Service Week, 5-9 October, Thryv is urging small businesses to look beyond generating  enquiries and examine what happens after a custome...

Gift Cards as the gateway to agentic payments

Prepaid and stored value gives consumers the trust and control to try AI shopping agents By Blackhawk Network VP Head of ANZ Kieran Nolan For deca...

Why Data Accumulation Without Governance Undermines Sustainability Goals

In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...