For the first time in the survey’s 19-year history, geopolitical volatility entered the top 10 global risks, rising sharply from its 2023 position. The risk now sits alongside issues such as business interruption, regulatory change and economic slowdown, reflecting growing instability across trade flows, supply chains and financial performance. This change suggests increased demand for political risk, contingent business interruption and trade credit coverage. Yet Aon found that only 14% of organizations track their exposure to the top 10 risks, and just 19% use analytics to measure the value of their insurance programs.