Overview

• Geopolitical volatility rose 12 places since 2023 to join the top ten global business risks for the first time, reflecting heightened trade and state-to-state tensions.
• Cyber attack or data breach remains the top current and future risk as rapid digitization and AI adoption expand the attack surface for threat actors.
• Only 14% of organizations track exposure to the top ten risks, 19% use analytics to assess insurance programs, and 13% have quantified their cyber exposure.
• Workforce risks fell off the top ten after ranking fourth in 2023, even as Aon executives caution that human capital is integral to overall resilience.
• By 2028, leaders expect artificial intelligence and climate change to be in the top ten, with geopolitical volatility projected to rank fifth.