A rise in civil unrest increases need for specialist insurance

A rise in civil unrest increases need for specialist insurance, Allianz ...

The report revealed that civil unrest risks rose in over 50% of countries between Q2 and Q3 2022 alone, according to the Verisk Maplecroft Civil ...

Managing increasing civil unrest and political violence risk - WTW

While specialist insurers are offering SRCC coverage, they face scrutiny from reinsurers concerned about nationwide commotion. The recent SRCC ...

Navigating Political Risks and Civil Unrest: Insurance Considerations

The BLM protests also illustrated that many policyholders should contemplate obtaining a political violence extension in addition to the ...

Predictive Model Delivers Insights as Insurers, Reinsurers Brace for ...

Insured losses from civil unrest can reach levels equal to some natural catastrophes—and the costs are growing every year. Of particular ...

Global civil unrest on the rise as cost-of-living crisis intensifies

The world is experiencing a surge in civil unrest incidents driven by a cost-of-living crisis, according to specialty (re)insurance group Chaucer.

Specialist insurance can help protect businesses against rise in civil ...

“Incidents of strikes, riots and civil commotion have not only increased in recent years, they are also becoming more intense and catastrophic.

As Strikes, Riots and Civil Commotion Risks Increase, Insurers ...

“To prepare for the potential damage and disruption caused by civil unrest, risk managers need to ensure bespoke insurance programmes are in ...

Strike, Riot and Civil Commotion – An Increasingly Significant Form ...

Unsurprisingly, the demand for insurance products that protect against politically motivated loss events is also increasing – this is the case for both ...

With rising civil unrest SRCC cover becomes more necessary

Chaucer highlighted that with some insurers increasingly look to exclude coverage for damage from strikes and civil unrest from standard ...

Political violence market hardening amid rising losses: AGCS

The insurer reported an increase in demand for specialist cover for political violence because traditional property/casualty insurers are reducing their ...

Safety First: Protecting Your Organization From Threats of Civil Unrest

Policy differences and coverage gaps. Insurance policies may respond differently to property damage, bodily injury, business interruption or ...

Managing the increasing threat of political violence and civil unrest

Review your insurance policies. Property policies may cover political violence claims in some cases but insurers also offer specialist coverage ...

Global Election Super-Cycle Raises Risk of Political Violence, Large ...

“As unrest can now spread more quickly and widely – thanks in part to the power of social media – financial costs are mounting,” said the report ...

Rates rise following surge in civil unrest - Business Insurance

The market for strike, riot and civil commotion insurance has seen double-digit rate increases and contractual changes for specific classes of policyholders.

Strikes, Riots and Civil Commotion: Exploring solutions ... - Swiss Re

Elevated strikes, riots and civil commotion (SRCC) requires more focus on accumulation controls from the re/insurance industry and adequate ...

Civil Unrest Who Was Prepared for This? - AM Best News

With civil unrest on the rise globally, insurers are rethinking how they ... specialist market, with coverage often coming through political violence policies, ...

Political Risks and Violence a Rising Business Concern in 2024

Risk management and insurance can help protect people and property, as well as business continuity in case of unrest, the report states.

Managing the increasing threat of political violence and civil unrest

offer specialist coverage via the political violence market. Economic and insured losses from just seven civil unrest incidents in recent years cost ...

Confidence in Conflict: Insuring your Business against Civil Unrest

SRCC insurance has traditionally been provided within property damage insurance policies. • However, as a result of increasing global social unrest, many ...

Civil Unrest Risk on the Rise - Risk Management Magazine

This increase in strikes, riots and civil commotion has been fueled by five key risk drivers: 1) the ongoing cost-of-living crisis; 2) distrust ...