Australian firms rate natural disasters in their top 10 risks, along with reputational risks and market stagnation and decline, according to Allianz’s 2015 Business Risk Barometer.

In announcing the results of the global survey, Allianz SE board member Axel Theis said  climate change and natural catastrophes, as well as disruptive technologies, dominated the long-term risk agenda worldwide.

“Companies can expect to face further disruption from technological innovation, while also being exposed to climate change impact as an underlying risk which is not within their direct control,” Mr Theis said.

“Individual best practice, along with collaboration across companies, industries and regions can help mitigate environmental damage and create future safety, growth and innovation in a more sustainable world.”