Given the unprecedented disruption caused by the coronavirus outbreak, it’s no surprise that pandemic outbreak, cyber and business interruption respectively have emerged as the top three risks to UK businesses.
Pandemic outbreak is a new entry this year and has entered straight at the top of the list. This is followed by cyber incidents and business interruption respectively. All three risks – and many of the others in this year’s top 10 – are interlinked, demonstrating the growing vulnerabilities and uncertainty of our highly globalised and connected world, where actions in one place can spread rapidly to have global effects.