New report quantifies the top five risks Canadian businesses say they face

  1. Public health events
  2. Cybersecurity and cyberincidents
  3. Employee health and mental well-being
  4. Shortage of skilled labor
  5. Business interruption, including supply chain disruptions

This is the first Canadian report of its kind and the start of an ongoing series that expands on Aviva’s commitment to helping businesses understand their specific risks, better manage those risks, and prepare for the future.

A key finding of the report is that Canadian businesses now view risk very differently in the wake of the COVID-19 pandemic and are increasingly focused on risk management and business continuity plans. (PCA). In fact, the research found that nearly 6 in 10 Canadian businesses (58%) said their business continuity and risk planning needed updating.

Jason StorahCEO of Aviva Canada said:

“We live in an unpredictable, rapidly changing and increasingly risky world. Our report highlights this reality. We cannot predict risk or remove it all together, it is a fact of business life. As unforeseen as the risks of COVID-19 have passed Over the past two years, Canadian businesses are already facing new geopolitical and inflationary risks that will affect everyone in 2022. We believe that collecting data is the first step to understanding the risks around us and helping Canadian businesses become more resilient.Being able to see beyond the next curve in the road and identify future risks before they are already upon us – because we know they are coming.”

On Aviva Canada

Aviva Canada is one of the nation’s leading property and casualty insurance groups, providing home, auto, lifestyle and business insurance to 2.4 million customers. A subsidiary of Aviva plc, based in the UK, Aviva Canada has more than 4,000 employees focused on creating a bright and sustainable future for our employees, our customers, our communities and our planet. Launched in 2019, Aviva Canada invests in safer communities through Aviva Take Back Our Roads, which uses data-driven solutions and strategic collaborations to make safer roads a reality for everyone. In 2021, we announced our intention to become a net zero carbon company by 2040, the most demanding goal of any major insurance company in the world.

For more information, visit Where from Aviva Canada Blog, Twitter, Facebook and LinkedIn pages.

*Note: Media can arrange interviews by contacting:

SOURCEAviva Canada Inc.

For further information: Media contact: Janis McCulloch, [email protected]437-236-4335

Amanda J. Marsh