Top ten causes of financial loss for businesses

October 30, 2014

A new report by Allianz Global Corporate & Specialty examines global developments in insurance claims, highlighting the top causes of loss.    

The Costa Concordia grounding in 2012 epitomizes the enormous financial losses that businesses had to face between 2009 and 2013.

In its Global Claims Review 2014, Allianz Global Corporate & Specialty (AGCS) identifies the top causes of loss and emerging trends from over 11,000 business claims in 148 countries, each of above €100,000 ($136,456), over the period 2009 to 2013.

The analysis of the business sectors aviation, energy, financial lines, liability, marine, property and engineering shows that nearly 70% of financial losses arise from 10 causes of loss, with the largest single identified cause being ship groundings. Click through the gallery to find out about the major causes of financial losses.

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