Political risk tops companies’ ERM risk registers, according to latest Willis Political Risk Survey
Political risk has emerged as a critical concern for global companies, with 75% ranking it among their top five Enterprise Risk Management risks and 11% placing it at number one, according to Willis's eighth annual Political Risk Survey. The study reveals that 58% of organizations expect negative financial impacts from US tariffs, nearly matching the 60% affected by the Russia-Ukraine conflict in 2023.
The survey highlights that 2023 saw the highest political risk losses in eight years, with 18% of companies requiring earnings restatements due to losses from expropriation, political violence, and currency issues. Companies primarily used direct government negotiations and political risk insurance to recover losses.
Key concerns for 2025 include US policy uncertainty, geopolitical tensions affecting market access, and state-backed cyber threats. The research, based on 66 company surveys and 15 in-depth interviews, shows political risk has evolved from a sector-specific concern to a broader threat with higher potential losses.
Il rischio politico è diventato una preoccupazione fondamentale per le aziende globali, con il 75% che lo considera tra i primi cinque rischi nella gestione del rischio d'impresa e l'11% che lo posiziona al primo posto, secondo l'ottavo sondaggio annuale sul rischio politico di Willis. Lo studio evidenzia che il 58% delle organizzazioni prevede impatti finanziari negativi dai dazi statunitensi, quasi pari al 60% colpito dal conflitto Russia-Ucraina nel 2023.
Il sondaggio sottolinea che il 2023 ha registrato le perdite più elevate per rischio politico degli ultimi otto anni, con il 18% delle aziende che ha dovuto rettificare i propri utili a causa di perdite derivanti da espropriazioni, violenze politiche e problemi valutari. Le aziende hanno principalmente fatto ricorso a negoziazioni dirette con i governi e a polizze assicurative contro il rischio politico per recuperare le perdite.
Le preoccupazioni principali per il 2025 includono l'incertezza della politica statunitense, le tensioni geopolitiche che influenzano l'accesso ai mercati e le minacce informatiche sostenute da stati. La ricerca, basata su 66 sondaggi aziendali e 15 interviste approfondite, mostra come il rischio politico sia passato da una questione settoriale a una minaccia più ampia con potenziali perdite maggiori.
El riesgo político se ha convertido en una preocupación crítica para las empresas globales, con un 75% que lo sitúa entre sus cinco principales riesgos de Gestión de Riesgos Empresariales y un 11% que lo coloca en primer lugar, según la octava encuesta anual de Riesgo Político de Willis. El estudio revela que el 58% de las organizaciones espera impactos financieros negativos por los aranceles de EE.UU., casi igualando al 60% afectado por el conflicto Rusia-Ucrania en 2023.
La encuesta destaca que 2023 registró las mayores pérdidas por riesgo político en ocho años, con un 18% de las empresas que tuvieron que realizar ajustes en sus ganancias debido a pérdidas por expropiación, violencia política y problemas cambiarios. Las empresas utilizaron principalmente negociaciones directas con gobiernos y seguros contra riesgos políticos para recuperar las pérdidas.
Las preocupaciones clave para 2025 incluyen la incertidumbre de la política estadounidense, las tensiones geopolíticas que afectan el acceso a mercados y las amenazas cibernéticas respaldadas por estados. La investigación, basada en 66 encuestas empresariales y 15 entrevistas en profundidad, muestra que el riesgo político ha evolucionado de ser un problema sectorial a una amenaza más amplia con pérdidas potenciales mayores.
정치적 위험은 전 세계 기업들에게 중요한 문제로 떠올랐으며, 윌리스의 8번째 연례 정치적 위험 조사에 따르면 75%가 이를 기업 위험 관리 상위 5위 안에 꼽았고 11%는 1위로 평가했습니다. 조사 결과 58%의 조직이 미국 관세로 인한 부정적 재무 영향을 예상하며, 이는 2023년 러시아-우크라이나 분쟁으로 영향을 받은 60%와 거의 비슷한 수치입니다.
조사에 따르면 2023년은 지난 8년 중 정치적 위험으로 인한 손실이 가장 컸으며, 18%의 기업이 국유화, 정치적 폭력, 통화 문제로 인해 수익 재조정을 해야 했습니다. 기업들은 주로 정부와의 직접 협상과 정치적 위험 보험을 통해 손실을 복구했습니다.
2025년 주요 우려 사항으로는 미국 정책 불확실성, 시장 접근에 영향을 미치는 지정학적 긴장, 국가 지원 사이버 위협이 포함됩니다. 66개 기업 설문조사와 15건의 심층 인터뷰를 기반으로 한 연구는 정치적 위험이 특정 산업 문제에서 더 광범위한 위협으로 진화했으며 잠재적 손실 규모도 커졌음을 보여줍니다.
Le risque politique est devenu une préoccupation majeure pour les entreprises mondiales, 75 % le classant parmi leurs cinq principaux risques de gestion des risques d'entreprise, et 11 % le plaçant en première position, selon la huitième enquête annuelle sur le risque politique de Willis. L'étude révèle que 58 % des organisations s'attendent à des impacts financiers négatifs liés aux tarifs américains, presque au même niveau que les 60 % affectés par le conflit Russie-Ukraine en 2023.
L'enquête souligne que 2023 a connu les pertes les plus importantes dues au risque politique depuis huit ans, avec 18 % des entreprises ayant dû procéder à des retraitements de résultats en raison de pertes causées par des expropriations, des violences politiques et des problèmes de change. Les entreprises ont principalement eu recours à des négociations directes avec les gouvernements et à des assurances contre les risques politiques pour récupérer leurs pertes.
Les principales préoccupations pour 2025 incluent l'incertitude de la politique américaine, les tensions géopolitiques affectant l'accès aux marchés et les cybermenaces soutenues par des États. La recherche, basée sur 66 enquêtes d'entreprises et 15 entretiens approfondis, montre que le risque politique est passé d'une préoccupation sectorielle à une menace plus large avec des pertes potentielles plus importantes.
Politisches Risiko hat sich für globale Unternehmen zu einer entscheidenden Sorge entwickelt: 75% bewerten es als eines der fünf wichtigsten Risiken im Enterprise Risk Management, und 11% setzen es an erste Stelle, so die achte jährliche Political Risk Survey von Willis. Die Studie zeigt, dass 58% der Organisationen negative finanzielle Auswirkungen durch US-Zölle erwarten, was fast dem Anteil von 60% entspricht, die 2023 vom Russland-Ukraine-Konflikt betroffen waren.
Die Umfrage hebt hervor, dass 2023 die höchsten Verluste durch politische Risiken seit acht Jahren verzeichnete, wobei 18% der Unternehmen aufgrund von Enteignungen, politischer Gewalt und Währungsproblemen Gewinnberichtigungen vornehmen mussten. Unternehmen nutzten hauptsächlich direkte Verhandlungen mit Regierungen und politische Risiko-Versicherungen, um Verluste auszugleichen.
Zu den Hauptbedenken für 2025 zählen Unsicherheiten in der US-Politik, geopolitische Spannungen, die den Marktzugang beeinträchtigen, sowie staatlich unterstützte Cyberbedrohungen. Die Forschung, basierend auf 66 Unternehmensbefragungen und 15 ausführlichen Interviews, zeigt, dass sich das politische Risiko von einer branchenspezifischen zu einer umfassenderen Bedrohung mit höheren potenziellen Verlusten entwickelt hat.
- Company demonstrates strong risk analysis capabilities through comprehensive annual Political Risk Survey
- Established market position in political risk analytics and consulting services
- Companies actively using WTW's risk mitigation strategies and insurance services to recover losses
- 18% of surveyed companies required earnings restatements due to political risk losses
- 75% of clients face significant political risks affecting their operations
- Highest political risk losses recorded in 2023 since survey inception
- 58% of respondents expect negative financial impact from US tariffs
LONDON, May 01, 2025 (GLOBE NEWSWIRE) -- Political risks rank among the top five risks on the Enterprise Risk Management (ERM) risk register for
The survey revealed that
Other key findings were:
- Over the past eight years since the survey began, 2023 saw the highest political risk losses, driven by expropriation, political violence and currency convertibility issues. Notably,
18% of respondents faced losses significant enough to require corporate earnings restatements.
- Companies were most likely to rely on direct negotiations with host governments and political risk insurance to recover such prior losses. In 2025, the most common risk mitigation strategies against potential future losses were diversification and a "three lines of defense" approach
- Top political risk concerns for 2025 included U.S. policy uncertainty (especially tariffs) and tensions between the U.S. and its allies.
- Other major risks included restricted access to key markets due to geopolitical tensions and the threat of state-backed cyber and disinformation attacks.
The research includes a survey of 66 companies and in-depth, anonymized interviews with 15 companies.
“In the eight years since we began this research, companies’ political risk concerns have changed almost unrecognizably,” said Sam Wilkin, Director of Political Risk Analytics at Willis. “In 2018, political risk was mostly a worry for highly exposed sectors investing in risky countries like Venezuela. Today, political risk concerns apply across sectors, involve a much higher level of potential loss, and are focused on United States policy.”
The complete report can be downloaded here.
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