All SRCC articles
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The new PV reinsurance market hub in Dubai
There are at least ten active carriers or MGAs of political violence re/insurance operating from the Dubai International Financial Centre, one senior Dubai-based underwriter says.
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PV fears on the rise globally – Allianz Commercial
Some $13bn in economic and insured losses came from just seven civil unrest incidents in recent years, according to a report by Allianz Commercial on political violence and civil unrest.
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Rising political risk for emerging market manufacturing hubs - Verisk Maplecroft
Heightened political risks are overshadowing a ‘friendshoring’ shift, according to report data from Verisk Maplecroft.
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Smoother 1/1 with motivated market and more capital – Guy Carpenter
Renewals characterised by ample capacity and a commercial approach to trading partnerships, albeit with continued underwriting scrutiny for casualty, cyber and SRCC, according to the broker.
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MGA Optio adds political violence, terrorism capacity
Specialty MGA has partnered with a US carrier to deploy fresh political violence capacity, reflecting greater appetite for the standalone insurance business, as buyers seek protection from terrorism and civil unrest risks, and reinsurers eye recent SRCC losses with concern for 1/1.
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Insurers should brace for more civil unrest, warns new predictive SRCC model
Political violence risks have worsened globally since 2021, and 85% of US cities face high SRCC risks in next 12 months, writes Torbjorn Soltvedt, principal analyst at risk intelligence company Verisk Maplecroft.
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French riots cost insurers €650m in claims – France Assureurs
Civil unrest in Paris and across France resulted in 11,300 claims, with commercial property accounting for 55% of the claims cost, according to a French insurance industry group.
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Latin America, political protests and global reinsurers
By Leonardo Garzon, managing director, Latin America and Joe Jarvis, regional senior adjuster, at claims services provider McLarens.
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Sri Lanka riot losses to hit excess layers
Widespread riots broke out in Sri Lanka following an attack on anti-government protests in Colombo on 9 May
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What will it take for the ILS market to assume more political violence risk?
Almost a year ago, what would eventually become known as the ‘George Floyd’ riots began – an event that would eventually cost the global insurance industry more than US$2 billion.