Political risk coverage soars amid ‘sea change’ among insureds’ perceptions: WTW
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

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

Abbie Wood
18 April 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
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.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsPol risk, credit & suretyWTW
abbie wood 2024 ii red 2.png
Abbie Wood
Reporter
Contact
Gift this article