Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 13th of December 2018
December 29, 2012

Civil unrest drives demand for political violence cover

by Gill Montia

Story link: Civil unrest drives demand for political violence cover

Demand for political risk insurance has been rising, according to Lloyd’s, as civil unrest and political violence continue to threaten businesses around the world.

Unrest is being fuelled by a number of factors, including discontent over corruption and a lack of economic opportunities, as well as rising fuel and food prices, and a scarcity of natural resources.

What’s more, civil unrest is likely to continue to be a significant risk in 2013, both in Europe and emerging countries, reflecting social change, austerity and the rising prices of food and fuel.

Lloyd’s brokers also report that while political violence insurance is typically purchased by large property developers, heavy industries, utilities, banks, retail and hotel groups, an increasing number of smaller companies are buying the cover as awareness grows.

 

News posted:



Related stories to Civil unrest drives demand for political violence cover: