Geopolitical
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International SOS warns political risk will continue in Pakistan through 2023
Businesses with people and operations in Pakistan have been warned of further security and civil unrest for months following the…
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Corporate transparency ‘critical’ across supply chains in conflict zones: GRI
Corporate transparency is “critical” during conflicts and wars amid growing expectations over conflict-sensitive due diligence, according to the Global Reporting…
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Green shoots in PVT market as carriers battle with Ukraine losses
The political violence and terrorism (PVT) market remains tough for buyers following the war in Ukraine, but it is not…
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Swedish risk managers urged to sharpen focus on geopolitical risks
Risk managers must integrate geopolitics into their risk models in order to make sense of an increasingly volatile and multipolar…
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Political violence and terrorism market set to meet rising demand
Two leading London underwriters in the political violence and terrorism (PVT) insurance market say that the specialty line is coming…
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Political risk losses surge in 2022, finds WTW survey
An “unprecedented” 92% of companies reported a political risk loss in 2022, according to WTW, up from 35% in 2020.…
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Spike in demand for political risk cover as government reserves deplete
London-based specialty insurer Chaucer said that demand for political risk insurance is on the rise as a sharp fall in…
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Political risk set to remain elevated but companies overestimating threat level: Marsh
Political risk is likely to remain elevated for multinationals throughout this year as several key factors combine to compound problems…
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AXA XL says it’s ready to step in as other carriers pull back following tough 1 Jan renewals
AXA XL has told Commercial Risk that it is now targeting new business across all lines in Europe and Asia…
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HDI Global eyes strong Asia-Pacific growth on back of 2022 results
HDI Global will continue its strong growth path in the Asia Pacific by launching into the single project professional indemnity…
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Credit and political risk transfer capacity at all-time high: WTW
Capacity for credit and political risk insurance (CPRI) is at a record high after spiking over the last year, according…
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Tokio Marine Kiln creates new aviation war team
Tokio Marine Kiln (TMK) has created a dedicated aviation war team and named AIG’s Will Green as the division’s underwriting…
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Sanctions-related insurance disputes to rise as EC adds latest package
As the EC announces its tenth package of sanctions against Russia, law firm Clyde & Co expects rising sanctions-related insurance…
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Russian sanctions likely to mount in spring, predicts intelligence firm
There have been more than 10,000 sanctions imposed on Russia since the war with Ukraine broke out and more are…
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Risk managers must expand horizons to combat geopolitical risk: Airmic
A new Airmic report concludes that risk managers must reconsider how they collaborate with internal audit to combat mounting geopolitical…
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Political risk hits new high as social pressures reach boiling point, warns Verisk
Global political risks are at a five-year high, with 26 countries recording a sharp increase in the intensity of conflicts…
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Business risks rise as West loses global influence, finds political index
The West is losing its influence as geopolitical alignments shift in favour of Eastern powers, creating more risks for global…
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Shipowners face average 5.8% rate increases under International Group of P&I Clubs renewal
The International Group of Protection & Indemnity Clubs (IG) has renewed its reinsurance programme for 2023/24 with a “small increase”…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…
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IP risk management and geopolitics big concern for life sciences
A new survey by WTW finds that life science firms are now concerned about a much wider range of enterprise…