- 2016 saw a 14 percent increase in the number of terrorist attacks worldwide, up to 4,151 from 3,633 in 2015. Western countries saw a 174 percent increase in terrorism attacks in 2016, up from 35 attacks in 2015 to 96 attacks in 2016.
- Oil and gas companies were the target of 41 percent of terrorist attacks on commercial interests in 2016 and the trend has continued in 2017.
- Turkey is now classified as being at severe risk from political violence for the first time, due to terrorism, civil unrest, insurgency, armed conflict and coup risks.
Domestic and international risks are interdependent and complex. Efforts by nationalist and populist governments to raise the drawbridges are unlikely to represent a solution. Businesses should not be complacent about their risk exposures, and should take proactive measure to assess, manage and transfer risks.
For the past decade, Risk Advisory and Aon have worked together to set industry standards for assessing and managing violent risks. Despite the dangers, the world is still open for business to those with the right partners.