Allianz Commercial: War Becomes the Number One Political Violence Risk for More than 50% of Companies Globally
5 Articles
5 Articles
According to an Allianz survey, the Iran war is changing the risks for companies and insurers. Adaptability and more resilience are crucial.
The geopolitical crises are exacerbating the risks for companies worldwide. Wars, terrorism and civil unrest threaten supply chains, infrastructure and sales markets. According to Allianz Commercial, companies are increasingly responding with new resilience strategies, nearshoring and a greater diversification of their production and supply networks. Fear of wars is also increasing in global companies© CC0 Public Domain The increasing geopolitic…
Slovenia Times
Surge Zirc SAAllianz Commercial: War becomes the number one political violence risk for more than 50% of companies globally
War in the Middle East redraws global risk landscape for companies and insurers. Sabotage and civil unrest are also major business concerns with hundreds of incidents globally over the past five years, according to Allianz Research. Regional domestic tensions predominate in Asia outside of the Middle East, with limited current impact to the PVT market, though a potential for a larger loss remains should these escalate into full blown war. SINGA…
More than half of the companies in the world now see a top risk in armed conflicts. Especially in Germany, managers are concerned about the potential dangers of wars, as a survey by industrial insurer Allianz Commercial shows. With regard to the Iran conflict, they warn against "significant losses that the insurance industry could encounter in particular in the field of political violence and terrorism (PVT). Corresponding PVT damage cases could…
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