2024 is called The Year of Elections with 83 national elections in 78 countries scheduled, by current estimates, according to WTW which offers data-driven, insight-led solutions in the areas of people, risk and capital.
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB).
A new political risk report outlines the major trends in the current global political and economic landscape that will impact multinationals and investors this year.
Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has announced a strategic partnership with Cyprus-based Ixpan, a pioneering platform specialising in risk underwriting/transfer solutions.
A new directive that Sri Lankan non-life insurers remit 100% of motor insurance strike, riot, civil commotion and terrorism (SRCCT) premiums to state-owned National Insurance Trust Fund Board (NITF) should benefit NITF while the underwriting profitability of non-life insurers is likely to worsen, says Fitch Ratings.
Multinationals diversifying their supply chains to build greater resilience face growing political risk and civil unrest threat in the majority of emerging market manufacturing hubs according to risk intelligence firm Verisk Maplecroft.
As the number of climate change associated disasters increases, more people are also being forced to flee their homes, especially in Asia, according to Switzerland based organisation Internal Displacement Monitoring Centre (IDMC).
The demand for political violence insurance coverage has increased by 25% during the current period due to the Gaza War and its repercussions.
The perceptions of business risks, from supporting staff to ESG regulation and economic uncertainty, are changing the global business risk landscape according to a new report by specialist insurer Beazley.
A new survey has revealed that for the first time, businesses are more concerned about extreme weather affecting operations in 2030 than they are about cyber attacks.