Political risk coverage soars amid ‘sea change’ among insureds’ perceptions: WTW
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Political risk coverage soars amid ‘sea change’ among insureds’ perceptions: WTW

Abbie Wood
18 April 2023
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A bullet riddled the windshield of a civilian car in Bucha, Ukraine following heavy fighting between Russian and Ukrainian forces. As Russian troops withdraw from areas north of Ukraine's capital city of Kyiv Ukrainian officials call the heavy civilian ca
Photo: Alamy Stock Photo

A WTW report has found that the number of global firms it surveyed which purchased political risk insurance surged to nearly 70% this year from 25% in 2019, as the “extraordinary shock” of the Ukraine war altered business leaders’ perceptions of political risk.

According to the study, the proportion of respondents experiencing a political risk loss soared to 92% this year from 35% in 2020, with 70% of these losses materialising at less than $50mn.

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NewsPol risk, credit & suretyWTW
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