Globally 100m people were forced to flee their homes in 2021 due to violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies according to a new UN report.
Businesses should prepare for a rise in civil unrest as the cost-of-living crisis follows hard on the heels of the COVID pandemic, according to a new report by Allianz Global Corporate & Specialty (AGCS) .
The government has allocated ZAR22bn ($1.4bn) for the South African Special Risk Insurance Association (Sasria) in the current financial year to assist the insurer in settling claims and guaranteeing that it has adequate capital to fulfil regulatory requirements.
The market for private Islamic credit and political risk insurance (CPRI) is very much a work in progress, says Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) in its latest quarterly newsletter.
African specialist underwriting agency, Neema Insurance Managing Agency, in collaboration with ASR Re, has launched a new Political Violence Terrorism (PVT) reinsurance solution, according to a Reuters report.
There has been a marked increase in demand for political violence and terrorism cover (PVT) from South African commercial clients following the riots and looting that rocked KwaZulu-Natal and Gauteng in July 2021, notes Mr Cameron Cupido, CEO of Reinsurance Solutions Intermediary Services.
Sri Lanka's state-owned National Insurance Trust Fund Board's Strike, Riot, Civil Commotion and Terrorism (SRCCT) fund will bear the brunt of losses stemming from recent riots in the country, with primary insurers experiencing little impact, says Fitch Ratings.
Rising competition for supremacy over soil, sea, and space will fuel future global geopolitical tensions as nations seek to stake their claims on sea-based borders, previously untapped mineral resources and the all-but-unregulated cosmos according to a new report from global insurance brokers Marsh.
The South African Special Risk Insurance Association (SASRIA) says it cannot afford to cover the country's businesses should the July 2021 riots happen again.
The 2022 WTW political risk survey results paint a picture of globalised companies surprised to be caught between geopolitical competitors.