Cyber incidents remain the foremost concern for businesses in Asia Pacific, according to the Allianz Risk Barometer 2026. The survey highlights that cyber threats, particularly ransomware attacks, are the top risk for companies of all sizes, with 36% of respondents identifying it as their primary concern. Whilst artificial intelligence (AI) has surged to the second position, marking the most significant rise in the rankings, as businesses grapple with its operational, legal, and reputational implications.
The Allianz Risk Barometer, an annual survey by Allianz Commercial, underscores the evolving risk landscape in the region. AI’s rapid ascent from ninth to second place reflects its growing influence across various industries. Thomas Lillelund, CEO of Allianz Commercial, noted, “Given the continuing rise of AI across society and industry, it is unsurprising that it is the big mover in the Allianz Risk Barometer.”
Business interruption, previously a top two risk, has dropped to third place but remains a significant concern due to its links with geopolitical risks and natural catastrophes. Christian Sandric, President of Allianz Commercial Asia Pacific, emphasised the importance of resilience, stating, “The evolving risk landscape, particularly in the areas of cyber threats and the adoption of AI, pose new challenges to businesses in the region.”
The survey also reveals that the Asia Pacific region experienced the highest number of cyberattacks globally in 2024, accounting for 34% of incidents. Despite increased cyber resilience, many large companies in Asia remain self-insured, highlighting a gap in coverage compared to their American and European counterparts.
As AI continues to integrate into core business operations, its associated risks are expected to intensify, particularly concerning liability issues. The rapid adoption of generative AI systems has heightened awareness of potential vulnerabilities, making it a top concern for companies worldwide.
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