Survey: Brexit creeps up UK risk managers' worry list - RTRS

According to the UK part of a global survey by German insurer Allianz, the risk of changes in legislation and regulation, including concerns over Brexit, new trade barriers, and protectionism, climbed three places from a year earlier to become the second most significant concern for UK businesses, Reuters reports.

Brian Kirwan, the UK Chief Executive of Allianz Global Corporate & Specialty, noted: “Companies must gear up to cope with the risk of sudden political and legal shocks, such as the lack of clarity over UK Plc’s future relationship with the European Union.”

Meanwhile, the business interruption was considered the primary risk globally in the Allianz survey of more than 1,900 risk specialists from 80 countries.