In Asia, one in three business leaders reported that political risk was the biggest threat to their business this year.
With over 64 countries preparing or already conducting their elections, the year 2024 is earmarked to be one of the most politically turbulent years in decades according to Liberty Specialty Markets.
Global insurance broking group Howden has launched a new cargo war risk facility to protect vessels from drone and missile strikes by Yemeni-based militia groups in the Red Sea.
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas, indicates S&P Global Ratings (S&P).
Reinsurance capacity and the general appetite to underwrite political violence risks is reducing as insured losses from civil unrest grow according to a new report by Allianz Commercial.
The potential for political instability presents a major risk for 2024, with pre-existing grievances tied to the rising cost-of-living, food and energy insecurity, falling real incomes and high levels of debt generating more frequent acts of violence according to a new report by Howden.
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.