Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 1

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

1 Business interruption, supply chain (e.g. machine breakdown) 56 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 53 %

3 Fire, explosion 26 %

4 Loss of reputation, brand value (e.g. from social media) 16 %

5 Changes in legislation and regulation 15 %

6 Market stagnation or decline 12 %

7 Theft, fraud, corruption 11 %

8 Cyber crime, IT failures, espionage 11 %

9 Talent shortage, aging workforce 9 %

10 Intensified competition 9 %

1 Business interruption, supply chain (e.g. machine breakdown) 46 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 30 %

3 Fire, explosion 25 %

4 Changes in legislation and regulation 22 %

5 Loss of reputation, brand value (e.g. from social media) 21 %

6 Cyber crime, IT failures, espionage 18 %

7 Commodity price increases 16 %

8 Market fluctuations (e.g. exchange or interest rates) 13 %

9 Intensified competition 12 %

10 Talent shortage, aging workforce 9 %

The most important risks for businesses

by region

Top 10 business risks for Europe

Top 10 business risks for North and South America

Top 10 business risks for Asia/Pacific

Figures here represent a percentage of all relevant responses.Responses for Europe: 396 (Europe also includes Middle East and South Africa, however, EU-origin responses strongly dominate); North and South America: 85; Asia/Pacific: 76.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 2

1 Business interruption, supply chain (e.g. machine breakdown) 44 %

2 Changes in legislation and regulation 29 %

3 Loss of reputation, brand value (e.g. from social media) 24 %

4 Cyber crime, IT failures, espionage 22 %

5 Natural catastrophes (e.g. storm, flood, earthquake) 18 %

6 Market fluctuations (e.g. exchange or interest rates) 16 %

7 Commodity price increases 16 %

8 Intensified competition 13 %

9 Talent shortage, aging workforce 11 %

10 Credit availability 11 %

The most important risks for businesses in

Australia

1 Business interruption, supply chain (e.g. machine breakdown) 46 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 30 %

3 Fire, explosion 25 %

4 Changes in legislation and regulation 22 %

5 Loss of reputation, brand value (e.g. from social media) 21 %

6 Cyber crime, IT failures, espionage 18 %

7 Commodity price increases 16 %

8 Market fluctuations (e.g. exchange or interest rates) 13 %

9 Intensified competition 12 %

10 Talent shortage, aging workforce 9 %

Top 10 business risks for Australia

Top 10 business risks for Asia/Pacific

Figures represent a percentage of all relevant responses for Australia (45).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Asia/Pacific: 76; Australia: 45.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 3

1 Natural catastrophes (e.g. storm, flood, earthquake) 43 %

2 Business interruption, supply chain (e.g. machine breakdown) 36 %

3 Fire, explosion 29 %

4 Changes in legislation and regulation 21 %

5 Euro-zone breakdown 21 %

6 Cyber crime, IT failures, espionage 21 %

7 Theft, fraud, corruption 14 %

8 Deflation 14 %

9 Market stagnation or decline 14 %

10 Commodity price increases 7 %

The most important risks for businesses in

Austria

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Austria

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Austria (14).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Austria: 14.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 4

1 Business interruption, supply chain (e.g. machine breakdown) 50 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 40 %

3 Fire, explosion 40 %

4 Theft, fraud, corruption 30 %

5 Talent shortage, aging workforce 20 %

6 Pollution 20 %

7 Changes in legislation and regulation 20 %

8 Market fluctuations (e.g. exchange or interest rates) 20 %

9 Credit availability 10 %

10 Market stagnation or decline 10 %

The most important risks for businesses in

Brazil

1 Business interruption, supply chain (e.g. machine breakdown) 56 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 53 %

3 Fire, explosion 26 %

4 Changes in legislation and regulation 16 %

5 Loss of reputation, brand value (e.g. from social media) 15 %

6 Cyber crime, IT failures, espionage 12 %

7 Commodity price increases 11 %

8 Market fluctuations (e.g. exchange or interest rates) 11 %

9 Intensified competition 9 %

10 Talent shortage, aging workforce 9 %

Top 10 business risks for Brazil

Top 10 business risks for North and South America

Figures represent a percentage of all relevant responses for Brazil (10).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for North and South America: 85; Brazil: 10.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 5

1 Natural catastrophes (e.g. storm, flood, earthquake) 50 %

2 Business interruption, supply chain (e.g. machine breakdown) 42 %

3 Pollution 25 %

4 Changes in legislation and regulation 25 %

5 Loss of reputation, brand value (e.g. from social media) 25 %

6 Fire, explosion 25 %

7 Market stagnation or decline 17 %

8 Theft, fraud, corruption 8 %

9 Market fluctuations (e.g. exchange or interest rates) 8 %

10 Austerity programs 8 %

The most important risks for businesses in

Canada

1 Business interruption, supply chain (e.g. machine breakdown) 56 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 53 %

3 Fire, explosion 26 %

4 Changes in legislation and regulation 16 %

5 Loss of reputation, brand value (e.g. from social media) 15 %

6 Cyber crime, IT failures, espionage 12 %

7 Commodity price increases 11 %

8 Market fluctuations (e.g. exchange or interest rates) 11 %

9 Intensified competition 9 %

10 Talent shortage, aging workforce 9 %

Top 10 business risks for Canada

Top 10 business risks for North and South America

Figures represent a percentage of all relevant responses for Canada (12).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for North and South America: 85; Canada: 12.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 6

1 Business interruption, supply chain (e.g. machine breakdown) 44 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 37 %

3 Intensified competition 37 %

4 Quality deficiencies, serial defects 26 %

5 Changes in legislation and regulation 26 %

6 Market stagnation or decline 22 %

7 Technological innovation 19 %

8 Loss of reputation, brand value (e.g. from social media) 19 %

9 Austerity programs 11 %

10 Theft, fraud, corruption 7 %

The most important risks for businesses in

France

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for France

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for France (27).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); France: 27.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 7

1 Business interruption, supply chain (e.g. machine breakdown) 52 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 34 %

3 Changes in legislation and regulation 27 %

4 Loss of reputation, brand value (e.g. from social media) 20 %

5 Quality deficiencies, serial defects 18 %

6 Cyber crime, IT failures, espionage 18 %

7 Intensified competition 17 %

8 Market stagnation or decline 17 %

9 Technological innovation 13 %

10 Fire, explosion 13 %

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

The most important risks for businesses in

Germany

Top 10 business risks for Germany

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Germany (103).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Germany: 103.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 8

1 Fire, explosion 41 %

2 Market stagnation or decline 33 %

3 Business interruption, supply chain (e.g. machine breakdown) 28 %

4 Theft, fraud, corruption 23 %

5 Changes in legislation and regulation 23 %

6 Natural catastrophes (e.g. storm, flood, earthquake) 21 %

7 Market fluctuations (e.g. exchange or interest rates) 13 %

8 Health issues, pandemics 10 %

9 Loss of reputation, brand value (e.g. from social media) 10 %

10 Terrorism 8 %

The most important risks for businesses in

Hungary

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Hungary

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Hungary (39).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Hungary: 39.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 9

1 Market stagnation or decline 56 %

2 Business interruption, supply chain (e.g. machine breakdown) 39 %

3 Loss of reputation, brand value (e.g. from social media) 33 %

4 Commodity price increases 28 %

5 Natural catastrophes (e.g. storm, flood, earthquake) 22 %

6 Cyber crime, IT failures, espionage 17 %

7 Quality deficiencies, serial defects 11 %

8 Euro-zone breakdown 11 %

9 Fire, explosion 11 %

10 Intensified competition 11 %

The most important risks for businesses in

Italy

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Italy

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Italy (18).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Italy: 18.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 10

1 Business interruption, supply chain (e.g. machine breakdown) 40 %

2 Market stagnation or decline 33 %

3 Natural catastrophes (e.g. storm, flood, earthquake) 27 %

4 Fire, explosion 27 %

5 Power blackouts 20 %

6 Credit availability 20 %

7 Changes in legislation and regulation 20 %

8 Austerity programs 20 %

9 Loss of reputation, brand value (e.g. from social media) 20 %

10 Theft, fraud, corruption 13 %

The most important risks for businesses in the

Netherlands

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for the Netherlands

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for the Netherlands (15).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); the Netherlands: 15.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 11

1 Austerity programs 40 %

2 Market fluctuations (e.g. exchange or interest rates) 33 %

3 Theft, fraud, corruption 27 %

4 Natural catastrophes (e.g. storm, flood, earthquake) 27 %

5 Market stagnation or decline 27 %

6 Fire, explosion 27 %

7 Commodity price increases 13 %

8 Health issues, pandemics 13 %

9 Changes in legislation and regulation 13 %

10 Inflation 7 %

The most important risks for businesses in

Portugal

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Portugal

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Portugal (15).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Portugal: 15.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 12

1 Fire, explosion 56 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 28 %

3 Business interruption, supply chain (e.g. machine breakdown) 25 %

4 Health issues, pandemics 25 %

5 Terrorism 22 %

6 Credit availability 13 %

7 Political/social upheaval, war 13 %

8 Changes in legislation and regulation 13 %

9 Market stagnation or decline 13 %

10 Intensified competition 13 %

The most important risks for businesses in

Russia

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Europe

Top 10 business risks for Russia

Figures represent a percentage of all relevant responses for Russia (32).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Russia: 32.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 13

1 Fire, explosion 69 %

2 Business interruption, supply chain (e.g. machine breakdown) 56 %

3 Natural catastrophes (e.g. storm, flood, earthquake) 44 %

4 Quality deficiencies, serial defects 13 %

5 Credit availability 13 %

6 Pollution 13 %

7 Changes in legislation and regulation 13 %

8 Commodity price increases 13 %

9 Inflation 13 %

10 Intensified competition 13 %

1 Business interruption, supply chain (e.g. machine breakdown) 46 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 30 %

3 Fire, explosion 25 %

4 Changes in legislation and regulation 22 %

5 Loss of reputation, brand value (e.g. from social media) 21 %

6 Cyber crime, IT failures, espionage 18 %

7 Commodity price increases 16 %

8 Market fluctuations (e.g. exchange or interest rates) 13 %

9 Intensified competition 12 %

10 Talent shortage, aging workforce 9 %

The most important risks for businesses in

Singapore

Top 10 business risks for Singapore

Top 10 business risks for Asia/Pacific

Figures represent a percentage of all relevant responses for Singapore (16).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Asia/Pacific: 76; Singapore: 16.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 14

1 Market stagnation or decline 40 %

2 Intensified competition 40 %

3 Fire, explosion 40 %

4 Theft, fraud, corruption 20 %

5 Commodity price increases 20 %

6 Changes in legislation and regulation 20 %

7 Business interruption, supply chain (e.g. machine breakdown) 20 %

8 Natural catastrophes (e.g. storm, flood, earthquake) 20 %

9 Pollution 20 %

10 Technological innovation 20 %

The most important risks for businesses in

Slovakia

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Slovakia

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Slovakia (5).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Slovakia: 5.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 15

1 Austerity programs 35 %

2 Intensified competition 29 %

3 Business interruption, supply chain (e.g. machine breakdown) 29 %

4 Natural catastrophes (e.g. storm, flood, earthquake) 26 %

5 Changes in legislation and regulation 26 %

6 Fire, explosion 23 %

7 Theft, fraud, corruption 16 %

8 Market stagnation or decline 16 %

9 Credit availability 16 %

10 Commodity price increases 10 %

The most important risks for businesses in

Spain

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Spain

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Spain (31).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Spain: 31.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 16

1 Business interruption, supply chain (e.g. machine breakdown) 44 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 38 %

3 Loss of reputation, brand value (e.g. from social media) 25 %

4 Changes in legislation and regulation 25 %

5 Cyber crime, IT failures, espionage 25 %

6 Euro-zone breakdown 19 %

7 Intensified competition 19 %

8 Theft, fraud, corruption 13 %

9 Austerity programs 13 %

10 Fire, explosion 13 %

The most important risks for businesses in

Switzerland

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Switzerland

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for Switzerland (16).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); Switzerland: 16.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 17

1 Theft, fraud, corruption 45 %

2 Business interruption, supply chain (e.g. machine breakdown) 45 %

3 Fire, explosion 41 %

4 Changes in legislation and regulation 36 %

5 Natural catastrophes (e.g. storm, flood, earthquake) 32 %

6 Market stagnation or decline 23 %

7 Market fluctuations (e.g. exchange or interest rates) 14 %

8 Quality deficiencies, serial defects 9 %

9 Loss of reputation, brand value (e.g. from social media) 9 %

10 Power blackouts 9 %

The most important risks for businesses in

Ukraine

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

Top 10 business risks for Europe

Top 10 business risks for Ukraine

Figures represent a percentage of all relevant responses for Ukraine (22).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Ukraine: 22.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 18

1 Business interruption, supply chain (e.g. machine breakdown) 44 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 24 %

3 Market stagnation or decline 24 %

4 Intensified competition 24 %

5 Political/social upheaval, war 21 %

6 Changes in legislation and regulation 18 %

7 Cyber crime, IT failures, espionage 18 %

8 Fire, explosion 18 %

9 Loss of reputation, brand value (e.g. from social media) 15 %

10 Commodity price increases 15 %

1 Business interruption, supply chain (e.g. machine breakdown) 39 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 29 %

3 Fire, explosion 24 %

4 Market stagnation or decline 22 %

5 Changes in legislation and regulation 22 %

6 Intensified competition 16 %

7 Loss of reputation, brand value (e.g. from social media) 14 %

8 Theft, fraud, corruption 12 %

9 Cyber crime, IT failures, espionage 11 %

10 Quality deficiencies, serial defects 10 %

The most important risks for businesses in the

United Kingdom

Top 10 business risks for United Kingdom

Top 10 business risks for Europe

Figures represent a percentage of all relevant responses for United Kingdom (34).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for Europe: 396 (Europe also includes Middle East and South Africa); United Kingdom: 34.

Source: Allianz Global Corporate & Specialty

Allianz Risk Pulse Country and regional information on Business Risks 2014

Allianz Risk Pulse – Allianz Risk Barometer 2014 Appendix page 19

1 Business interruption, supply chain (e.g. machine breakdown) 61 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 58 %

3 Fire, explosion 24 %

4 Loss of reputation, brand value (e.g. from social media) 17 %

5 Cyber crime, IT failures, espionage 15 %

6 Intensified competition 12 %

7 Quality deficiencies, serial defects 10 %

8 Environmental changes 10 %

9 Changes in legislation and regulation 10 %

10 Market stagnation or decline 10 %

The most important risks for businesses in the

United States

1 Business interruption, supply chain (e.g. machine breakdown) 56 %

2 Natural catastrophes (e.g. storm, flood, earthquake) 53 %

3 Fire, explosion 26 %

4 Changes in legislation and regulation 16 %

5 Loss of reputation, brand value (e.g. from social media) 15 %

6 Cyber crime, IT failures, espionage 12 %

7 Commodity price increases 11 %

8 Market fluctuations (e.g. exchange or interest rates) 11 %

9 Intensified competition 9 %

10 Talent shortage, aging workforce 9 %

Top 10 business risks for USA

Top 10 business risks for North and South America

Figures represent a percentage of all relevant responses for USA (59).The Allianz “Risk Barometer” survey was conducted among risk consultants, underwriters, senior managers and claims experts within both AGCS and local Allianz entities. Figures here represent the number of responses as a percentage of all relevant responses. Responses for North and South America: 85; USA: 59.

Source: Allianz Global Corporate & Specialty