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Family Office Benchmarking Series: The Changing Face Of Risk – Key Concerns

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In addition to risk issues relating to the pandemic, families cited several other areas of particular concern. Recurring and somewhat overlapping areas of concern include general property risks and personal liability risk, which were the two highest areas of concern, followed closely by natural disasters, cyber risks, and financial fraud and identity theft. Notably, the risks associated with natural disasters and cyber losses, which were the top two most concerning areas in our previous Study, remain in the top five concerns for families in our 2021 Study. Yet, these are the two areas in which families feel least prepared, as indicated by 31% and 23%, respectively, of respondents.


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