New report reveals the largest cause of claims for businesses

Fire and explosion incidents cause the largest corporate claims for insurers, according to new research from Allianz Global Corporate & Specialty (AGCS) in its Global Claims Review. The findings are based on an analysis of 470,000 claims from 200 countries over the past five years with a value of €58bn. They reveal that fire, explosions and, increasingly, cyber attacks are costing insurers the most from claims made by businesses.

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