Mali is the most dangerous country in the world for business operations, while Nigeria has become the “most improved” nation for business risks, according to a new guide compiled by Alliant Insurance Services Inc.
The Newport Beach, Califonia-based specialty insurance brokerage released its 2013 Political and Economic Risk Ratings Guide monday.
The annual report rates political and economic risks for 65 countries based on factors such as currency devaluation, economic downturns and political violence.
Mali, Tunisia, Argentina and Egypt topped Alliant’s list for “most dangerous” countries for business risk in the report.
Nigeria, Greece, Russia and China were named “most improved” during the last 12 months.
The report also ranked companies’ exposures to business risks based on their geographic footprints. Chevron Corporation, 3M Co. and International Business Machines Corporation were deemed to have the highest international business risks, according to Alliant.