Asia Pacific countries not only managed the pandemic better than the western world in 2020, they are also doing better in terms of political risks according to the latest edition of Aon's Political Risk quarterly.
For countries in Middle East and North Africa (MENA), three key issues exist on the political risk landscape: US/Iran relations under a Biden administration; Saudi Arabia's role in the region and dealing with the economic fallout of COVID-19, according to the January 2021 edition of Aon's Political Risk quarterly.
Saudi Arabia and Qatar have re-opened their airspace, sea and land borders in the first step toward ending a years-long diplomatic dispute.
Jeddah headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), in coordination with multilateral development banks (MDBs), has published a study analysing the current state of the political risk and credit insurance market for equity investments and Medium and Long-Term (MLT) debt investments and other insurance solutions.
The global economic landscape will continue to evolve towards a tripolar system with the US, China and the European Union as its pillars, a result of both a hardening of attitudes during COVID-19 and a compounding of existing trends, according to a new report from Moody's Investors Service. This shift poses widespread ramifications and negative credit effects across countries, sectors and industries.
A record 78% of risk managers now purchase some level of cyber insurance - compared to only 34% in 2011.
Insurance firms in Nigeria are readying for potential claims, following the widespread looting and destruction of properties, vehicles, and other assets across the country on 21 October.
Unemployment is the main concern for business executives globally, followed by infectious diseases that jumped 28 spots to emerge as the second-most recurring risk, according to the World Economic Forum's (WEF) interactive map on 'Regional Risks for Doing Business 2020'.
For almost 60% of mid-sized businesses, crisis management remains a top unmet need in terms of reducing risk exposure. More than a third of the businesses participating in a new study, feel that the rising insurance protection rates further compound their problems.
The standoff between China and Hong Kong, plus the vulnerability of Taiwan due to the lack of an independent status, imply continued instability in the region, according to the September 2020 Political Risk Quarterly Update.