Businesses always have a lot to worry about, and these days one of the items that's getting increasing attention is political risk.

Corporations and their risk managers are facing an unprecedented set of surprises that reflect a backlash against globalization in developed countries, including the U.K.'s vote to exit the EU and the U.S.'s election of Donald Trump, who has argued for exiting various trade agreements.

Political risk and uncertainties jumped to the ninth highest-ranked risk among businesses surveyed for Aon's 2017 Global Risk Management Survey, up from 15th place in its 2015 survey.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.