Allianz

The sudden halt imposed on the aviation industry by the Covid-19 crisis hit the sector hard.

Significant increase in the number of riots, demonstrations and vandalism, as terrorism events decline, means civil unrest is now the main political risk exposure for companies, resulting in significant losses and insurance claims.Impact of political violence can cause business disruption beyond physical property damage. Covid-19 pandemic is likely to fuel further disturbances.Business continuity planning needs to explicitly address civil unrest, particularly in exposed sectors such as retail.AGCS sees increasing interest in specialist political violence cover to mitigate risks. JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO