Country and regional information on Business Risks 2014. A magyar nyelvű összefoglalót itt olvashatja: https://www.allianz.hu/www/hu/kockazati_barometer_2014.html

1. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses
by region
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Top 10 business risks for North and South America
1 Business interruption, supply chain (e.g. machine breakdown)
56 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
53 %
3 Fire, explosion
26 %
4 Loss of reputation, brand value (e.g. from social media)
16 %
5 Changes in legislation and regulation
15 %
6 Market stagnation or decline
12 %
7 Theft, fraud, corruption
11 %
8 Cyber crime, IT failures, espionage
11 %
9 Talent shortage, aging workforce
9%
10 Intensified competition
9%
Top 10 business risks for Asia/Pacific
1 Business interruption, supply chain (e.g. machine breakdown)
46 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
30 %
3 Fire, explosion
25 %
4 Changes in legislation and regulation
22 %
5 Loss of reputation, brand value (e.g. from social media)
21 %
6 Cyber crime, IT failures, espionage
18 %
7 Commodity price increases
16 %
8 Market fluctuations (e.g. exchange or interest rates)
13 %
9 Intensified competition
12 %
10 Talent shortage, aging workforce
9%
Figures here represent a
percentage of all relevant
responses.
Responses for Europe: 396
(Europe also includes Middle
East and South Africa, however,
EU-origin responses strongly
dominate); North and South
America: 85; Asia/Pacific: 76.
Source: Allianz Global Corporate &
Specialty
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 1

2. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Australia
Top 10 business risks for Australia
1
Business interruption, supply chain (e.g. machine breakdown)
44 %
2
Changes in legislation and regulation
29 %
3
Loss of reputation, brand value (e.g. from social media)
24 %
4
Cyber crime, IT failures, espionage
22 %
5
Natural catastrophes (e.g. storm, flood, earthquake)
18 %
6
Market fluctuations (e.g. exchange or interest rates)
16 %
7
Commodity price increases
16 %
8
Intensified competition
13 %
9
Talent shortage, aging workforce
11 %
Credit availability
11 %
10
Figures represent a percentage of all relevant responses for Australia (45).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Asia/Pacific:
76; Australia: 45.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Asia/Pacific
1 Business interruption, supply chain (e.g. machine breakdown)
46 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
30 %
3 Fire, explosion
25 %
4 Changes in legislation and regulation
22 %
5 Loss of reputation, brand value (e.g. from social media)
21 %
6 Cyber crime, IT failures, espionage
18 %
7 Commodity price increases
16 %
8 Market fluctuations (e.g. exchange or interest rates)
13 %
9 Intensified competition
12 %
10 Talent shortage, aging workforce
9 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 2

3. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Austria
Top 10 business risks for Austria
1
Natural catastrophes (e.g. storm, flood, earthquake)
43 %
2
Business interruption, supply chain (e.g. machine breakdown)
36 %
3
Fire, explosion
29 %
4
Changes in legislation and regulation
21 %
5
Euro-zone breakdown
21 %
6
Cyber crime, IT failures, espionage
21 %
7
Theft, fraud, corruption
14 %
8
Deflation
14 %
9
Market stagnation or decline
14 %
10
Commodity price increases
7%
Figures represent a percentage of all relevant responses for Austria (14).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Austria: 14.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 3

4. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Brazil
Top 10 business risks for Brazil
1
Business interruption, supply chain (e.g. machine breakdown)
50 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
40 %
3
Fire, explosion
40 %
4
Theft, fraud, corruption
30 %
5
Talent shortage, aging workforce
20 %
6
Pollution
20 %
7
Changes in legislation and regulation
20 %
8
Market fluctuations (e.g. exchange or interest rates)
20 %
9
Credit availability
10 %
Market stagnation or decline
10 %
10
Figures represent a percentage of all relevant responses for Brazil (10).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for North and
South America: 85; Brazil: 10.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for North and South America
1 Business interruption, supply chain (e.g. machine breakdown)
56 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
53 %
3 Fire, explosion
26 %
4 Changes in legislation and regulation
16 %
5 Loss of reputation, brand value (e.g. from social media)
15 %
6 Cyber crime, IT failures, espionage
12 %
7 Commodity price increases
11 %
8 Market fluctuations (e.g. exchange or interest rates)
11 %
9 Intensified competition
10 Talent shortage, aging workforce
9%
9 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 4

5. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Canada
Top 10 business risks for Canada
1
Natural catastrophes (e.g. storm, flood, earthquake)
50 %
2
Business interruption, supply chain (e.g. machine breakdown)
42 %
3
Pollution
25 %
4
Changes in legislation and regulation
25 %
5
Loss of reputation, brand value (e.g. from social media)
25 %
6
Fire, explosion
25 %
7
Market stagnation or decline
17 %
8
Theft, fraud, corruption
8%
9
Market fluctuations (e.g. exchange or interest rates)
8%
Austerity programs
8%
10
Figures represent a percentage of all relevant responses for Canada (12).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for North and
South America: 85; Canada: 12.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for North and South America
1 Business interruption, supply chain (e.g. machine breakdown)
56 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
53 %
3 Fire, explosion
26 %
4 Changes in legislation and regulation
16 %
5 Loss of reputation, brand value (e.g. from social media)
15 %
6 Cyber crime, IT failures, espionage
12 %
7 Commodity price increases
11 %
8 Market fluctuations (e.g. exchange or interest rates)
11 %
9 Intensified competition
10 Talent shortage, aging workforce
9%
9 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 5

6. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
France
Top 10 business risks for France
1
Business interruption, supply chain (e.g. machine breakdown)
44 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
37 %
3
Intensified competition
37 %
4
Quality deficiencies, serial defects
26 %
5
Changes in legislation and regulation
26 %
6
Market stagnation or decline
22 %
7
Technological innovation
19 %
8
Loss of reputation, brand value (e.g. from social media)
19 %
9
Austerity programs
11 %
10
Theft, fraud, corruption
7%
Figures represent a percentage of all relevant responses for France (27).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); France: 27.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 6

7. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Germany
Top 10 business risks for Germany
1
Business interruption, supply chain (e.g. machine breakdown)
52 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
34 %
3
Changes in legislation and regulation
27 %
4
Loss of reputation, brand value (e.g. from social media)
20 %
5
Quality deficiencies, serial defects
18 %
6
Cyber crime, IT failures, espionage
18 %
7
Intensified competition
17 %
8
Market stagnation or decline
17 %
9
Technological innovation
13 %
Fire, explosion
13 %
10
Figures represent a percentage of all relevant responses for Germany (103).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Germany: 103.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 7

8. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Hungary
Top 10 business risks for Hungary
1
Fire, explosion
41 %
2
Market stagnation or decline
33 %
3
Business interruption, supply chain (e.g. machine breakdown)
28 %
4
Theft, fraud, corruption
23 %
5
Changes in legislation and regulation
23 %
6
Natural catastrophes (e.g. storm, flood, earthquake)
21 %
7
Market fluctuations (e.g. exchange or interest rates)
13 %
8
Health issues, pandemics
10 %
9
Loss of reputation, brand value (e.g. from social media)
10 %
10
Terrorism
8%
Figures represent a percentage of all relevant responses for Hungary (39).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Hungary: 39.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 8

9. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Italy
Top 10 business risks for Italy
1
Market stagnation or decline
56 %
2
Business interruption, supply chain (e.g. machine breakdown)
39 %
3
Loss of reputation, brand value (e.g. from social media)
33 %
4
Commodity price increases
28 %
5
Natural catastrophes (e.g. storm, flood, earthquake)
22 %
6
Cyber crime, IT failures, espionage
17 %
7
Quality deficiencies, serial defects
11 %
8
Euro-zone breakdown
11 %
9
Fire, explosion
11 %
Intensified competition
11 %
10
Figures represent a percentage of all relevant responses for Italy (18).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Italy: 18.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 9

10. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in the
Netherlands
Top 10 business risks for the Netherlands
1
Business interruption, supply chain (e.g. machine breakdown)
40 %
2
Market stagnation or decline
33 %
3
Natural catastrophes (e.g. storm, flood, earthquake)
27 %
4
Fire, explosion
27 %
5
Power blackouts
20 %
6
Credit availability
20 %
7
Changes in legislation and regulation
20 %
8
Austerity programs
20 %
9
Loss of reputation, brand value (e.g. from social media)
20 %
Theft, fraud, corruption
13 %
10
Figures represent a percentage of all relevant responses for the Netherlands (15).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); the Netherlands: 15.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 10

11. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Portugal
Top 10 business risks for Portugal
1
Austerity programs
40 %
2
Market fluctuations (e.g. exchange or interest rates)
33 %
3
Theft, fraud, corruption
27 %
4
Natural catastrophes (e.g. storm, flood, earthquake)
27 %
5
Market stagnation or decline
27 %
6
Fire, explosion
27 %
7
Commodity price increases
13 %
8
Health issues, pandemics
13 %
9
Changes in legislation and regulation
13 %
10
Inflation
7%
Figures represent a percentage of all relevant responses for Portugal (15).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Portugal: 15.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 11

12. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Russia
Top 10 business risks for Russia
1
Fire, explosion
56 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
28 %
3
Business interruption, supply chain (e.g. machine breakdown)
25 %
4
Health issues, pandemics
25 %
5
Terrorism
22 %
6
Credit availability
13 %
7
Political/social upheaval, war
13 %
8
Changes in legislation and regulation
13 %
9
Market stagnation or decline
13 %
Intensified competition
13 %
10
Figures represent a percentage of all relevant responses for Russia (32).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Russia: 32.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 12

13. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Singapore
Top 10 business risks for Singapore
1
Fire, explosion
69 %
2
Business interruption, supply chain (e.g. machine breakdown)
56 %
3
Natural catastrophes (e.g. storm, flood, earthquake)
44 %
4
Quality deficiencies, serial defects
13 %
5
Credit availability
13 %
6
Pollution
13 %
7
Changes in legislation and regulation
13 %
8
Commodity price increases
13 %
9
Inflation
13 %
Intensified competition
13 %
10
Figures represent a percentage of all relevant responses for Singapore (16).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Asia/Pacific:
76; Singapore: 16.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Asia/Pacific
1 Business interruption, supply chain (e.g. machine breakdown)
46 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
30 %
3 Fire, explosion
25 %
4 Changes in legislation and regulation
22 %
5 Loss of reputation, brand value (e.g. from social media)
21 %
6 Cyber crime, IT failures, espionage
18 %
7 Commodity price increases
16 %
8 Market fluctuations (e.g. exchange or interest rates)
13 %
9 Intensified competition
12 %
10 Talent shortage, aging workforce
9 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 13

14. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Slovakia
Top 10 business risks for Slovakia
1
Market stagnation or decline
40 %
2
Intensified competition
40 %
3
Fire, explosion
40 %
4
Theft, fraud, corruption
20 %
5
Commodity price increases
20 %
6
Changes in legislation and regulation
20 %
7
Business interruption, supply chain (e.g. machine breakdown)
20 %
8
Natural catastrophes (e.g. storm, flood, earthquake)
20 %
9
Pollution
20 %
Technological innovation
20 %
10
Figures represent a percentage of all relevant responses for Slovakia (5).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Slovakia: 5.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 14

15. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Spain
Top 10 business risks for Spain
1
Austerity programs
35 %
2
Intensified competition
29 %
3
Business interruption, supply chain (e.g. machine breakdown)
29 %
4
Natural catastrophes (e.g. storm, flood, earthquake)
26 %
5
Changes in legislation and regulation
26 %
6
Fire, explosion
23 %
7
Theft, fraud, corruption
16 %
8
Market stagnation or decline
16 %
9
Credit availability
16 %
Commodity price increases
10 %
10
Figures represent a percentage of all relevant responses for Spain (31).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Spain: 31.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 15

16. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Switzerland
Top 10 business risks for Switzerland
1
Business interruption, supply chain (e.g. machine breakdown)
44 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
38 %
3
Loss of reputation, brand value (e.g. from social media)
25 %
4
Changes in legislation and regulation
25 %
5
Cyber crime, IT failures, espionage
25 %
6
Euro-zone breakdown
19 %
7
Intensified competition
19 %
8
Theft, fraud, corruption
13 %
9
Austerity programs
13 %
Fire, explosion
13 %
10
Figures represent a percentage of all relevant responses for Switzerland (16).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); Switzerland: 16.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 16

17. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in
Ukraine
Top 10 business risks for Ukraine
1
Theft, fraud, corruption
45 %
2
Business interruption, supply chain (e.g. machine breakdown)
45 %
3
Fire, explosion
41 %
4
Changes in legislation and regulation
36 %
5
Natural catastrophes (e.g. storm, flood, earthquake)
32 %
6
Market stagnation or decline
23 %
7
Market fluctuations (e.g. exchange or interest rates)
14 %
8
Quality deficiencies, serial defects
9%
9
Loss of reputation, brand value (e.g. from social media)
9%
Power blackouts
9%
10
Figures represent a percentage of all relevant responses for Ukraine (22).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Ukraine: 22.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 17

18. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in the
United Kingdom
Top 10 business risks for United Kingdom
1
Business interruption, supply chain (e.g. machine breakdown)
44 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
24 %
3
Market stagnation or decline
24 %
4
Intensified competition
24 %
5
Political/social upheaval, war
21 %
6
Changes in legislation and regulation
18 %
7
Cyber crime, IT failures, espionage
18 %
8
Fire, explosion
18 %
9
Loss of reputation, brand value (e.g. from social media)
15 %
Commodity price increases
15 %
10
Figures represent a percentage of all relevant responses for United Kingdom (34).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396
(Europe also includes Middle East and South Africa); United Kingdom: 34.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for Europe
1 Business interruption, supply chain (e.g. machine breakdown)
39 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
29 %
3 Fire, explosion
24 %
4 Market stagnation or decline
22 %
5 Changes in legislation and regulation
22 %
6 Intensified competition
16 %
7 Loss of reputation, brand value (e.g. from social media)
14 %
8 Theft, fraud, corruption
12 %
9 Cyber crime, IT failures, espionage
11 %
10 Quality deficiencies, serial defects
10 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 18

19. Allianz Risk Pulse Country and regional information on Business Risks 2014
The most important risks for businesses in the
United States
Top 10 business risks for USA
1
Business interruption, supply chain (e.g. machine breakdown)
61 %
2
Natural catastrophes (e.g. storm, flood, earthquake)
58 %
3
Fire, explosion
24 %
4
Loss of reputation, brand value (e.g. from social media)
17 %
5
Cyber crime, IT failures, espionage
15 %
6
Intensified competition
12 %
7
Quality deficiencies, serial defects
10 %
8
Environmental changes
10 %
9
Changes in legislation and regulation
10 %
Market stagnation or decline
10 %
10
Figures represent a percentage of all relevant responses for USA (59).
The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS
and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for North and
South America: 85; USA: 59.
Source: Allianz Global Corporate & Specialty
Top 10 business risks for North and South America
1 Business interruption, supply chain (e.g. machine breakdown)
56 %
2 Natural catastrophes (e.g. storm, flood, earthquake)
53 %
3 Fire, explosion
26 %
4 Changes in legislation and regulation
16 %
5 Loss of reputation, brand value (e.g. from social media)
15 %
6 Cyber crime, IT failures, espionage
12 %
7 Commodity price increases
11 %
8 Market fluctuations (e.g. exchange or interest rates)
11 %
9 Intensified competition
10 Talent shortage, aging workforce
9%
9 %
Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 19