Not only natural catastrophes, terrorist attacks and developments in financial markets have led to entirely new risk dimensions in today’s marketplace. The uncertainties businesses face today have become increasingly complex. Global production chains, environmental damage, product boycotts and political unrest have also entered the picture. Because of globalization, a loss event at a company in South America can affect suppliers in, for example, Austria – who may not even be aware of the interconnections. Responding to this new situation has become a central objective of Allianz’s risk management strategy.