In order to determine the most urgent business concerns facing 61 nations, including Ireland, Aon's Global Risk Management Survey collected thoughts from 2,842 respondents.

According to the survey, 94% of Irish businesses have a written plan in place or are reviewing their procedures to reduce their exposure to cyber risk.

In the midst of the present tight labour market, firms in Ireland have highlighted the inability to attract or retain top talent as their number five risk, up eight spots from the last study in 2021.

Climate change is now the ninth most significant risk facing Irish businesses, up twenty-one spots from the previous ranking.

Failures in the supply chain or distribution system are now the third biggest risk confronting Irish businesses.

According to Rachael Ingle, CEO of Aon Ireland, "the world is more volatile with profound changes in trade, technology, weather, and workforce issues impacting companies across Ireland."

"Leaders in Ireland face an increasingly complicated risk picture, ranging from poor growth and a tight labour market to cyberattacks and geopolitical upheaval.

"The Global Risk Management Survey published by Aon provides an important insight into the top risks facing firms in Ireland and the actions they’re taking to mitigate against their potential impact," said Ms. Ingle.