These Three Exposures Standout as the Top Global Business Risks in Allianz Risk Barometer Survey

Could boosting children’s emotional resilience be a mental health insurance policy?

Associate Professor Vanessa Cobham, co-author of the Fear-Less Triple P program, said that children and young people represent a particularly vulnerable group following natural disasters such as the 2019/2020 ‘Black Summer’ bushfires.

“As a result of the significant disruption to families’ lives, the fallout from natural disasters can take a huge toll on children and parents’ mental health, with research showing that approximately five to 15 per cent of Australian children experience significant mental health symptoms following disaster exposure,” Dr Cobham said.

there is now a greater understanding of the impacts that natural disasters have on children and young people

“Parents and children alike may have experienced or continue to experience a range of emotions after recent disasters, including grief, anger, fear, sadness, and anxiety – this is normal,” she said.

“Thankfully, there is now a greater understanding of the impacts that natural disasters have on children and young people and there is a lot of work being done to help disaster affected communities move towards a journey of positive recovery…READ ON

These Three Exposures Standout as the Top Global Business Risks in Allianz Risk Barometer Survey

Cyber perils, business interruption (BI) and natural disasters were ranked as the top three business risks globally in 2022 by insureds and brokers participating in the 11th annual Allianz Risk Barometer survey.

The rise of natural catastrophes and climate change to third and sixth position is telling, with both upwards trends closely related.

Pandemic risks dropped from second last year to fourth position as majority of companies are less concerned and feel adequately prepared for future outbreaks. Natural catastrophes and climate change rose significantly in the annual rankings.

The threat of ransomware attacks, data breaches or major IT outages worries companies even more than business and supply chain disruption, natural disasters or the COVID-19 pandemic — all of which have heavily affected firms in the past year…READ ON

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