Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a new report.
An unprecedented “super-cycle” of elections around the world this year “create the potential for conflict and unrest, with rising extremism and misinformation compounding the threat,” said the report titled “Managing the increasing threat of political violence and civil unrest.”
While large-scale terrorist attacks were the biggest losses in the political violence and terrorism insurance space in recent years, this has