"Global Business Risks in 2024: Insights from Allianz CEO and Nigerian Business Leaders"

Allianz CEO Oliver Bäte warns that the growing detachment between political elites and the working class poses a major risk in a year filled with geopolitical tensions and major elections. The Allianz Risk Barometer highlights political risk at a five-year high, with civil unrest expected to deepen in 2024, particularly in debt-crisis countries. Bäte emphasizes the need for leaders to address the needs of the people to prevent further polarization and societal risks, as seen in recent elections and protests across various countries.