Allianz AGCS: Product RecallDecember 13 2017
AGCS analysis shows that defective product-related risk is the single largest driver of liability claims. Product recall losses are a major contributor.
Product–related risk is one of the biggest perils businesses face today. Defective products not only pose a serious safety risk to the public but can also cause significant financial and
reputational damage to the companies concerned. Defective product incidents have caused insured losses in excess of $2bn over the past five years, making them the largest generator of liability losses, according to AGCS. Product recall losses are a major contributor.
- April 2
Future Outlook and Emerging Risks
- April 2
Moving from optimization to transformation
- February 22
Empowering for transformation
- January 18
The most important corporate perils for the year ahead and beyond, based on the insight of more than 1,900 risk management experts from 80 countries.