Kathmandu. Rising civil unrest across Asia is likely to hurt insurance companies in countries such as Nepal and Indonesia in 2025. <\/p>\n
According to a new investigative report from Allianz Commercial, nearly 250 strikes, riots and citizens’ movements (SRCC) have been tracked in the last five years. More than 1,000 people were involved and the protest lasted for more than a day. <\/p>\n
Pakistan had the highest number of such incidents. There were 11 incidents. After that, a number of events took place in Indonesia. <\/p>\n
Other countries in Asia with high levels of civil unrest include Nepal, Iran and India. Economic pressures, including the cost of living, are fueling protests and strikes around the world. Where citizens are demanding better governance and economic reforms. <\/p>\n
While most public protests around the world have been peaceful, major unrest caused significant insured property damage in 2025. <\/p>\n
In August last year, riots in Indonesia caused more than $50 million in insured property. The damage to insured assets was greater than the damage caused by the devastating earthquake of 2015 due to the Genji protests in Nepal last September. It was more than $20 million. <\/p>\n
The risk of such activities may also increase depending on how long the fighting in the Middle East continues, especially in countries that rely heavily on oil, gas or fertilizers. <\/p>\n
According to Robert James, senior political violence and terrorism underwriter at Allianz Commercial Asia, political violence and terrorism is rife across Asia, including civil unrest in countries such as Indonesia and Nepal, as well as domestic regional tensions between Pakistan and India, and Cambodia and Thailand. “Some of these incidents have caused significant damage,” James said, “but they generally have a limited impact on the region’s political violence insurance market.” Because they are localized and have minimal economic consequences. The real risk lies in the potential for these conflicts to escalate into a full-scale war between these countries. \u2014Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Rising civil unrest across Asia is likely to hurt insurance companies in countries such as Nepal and Indonesia in 2025. According to a new investigative report from Allianz Commercial, nearly 250 strikes, riots and citizens’ movements (SRCC) have been tracked in the last five years. More than 1,000 people were involved and the protest […]<\/p>\n","protected":false},"author":16,"featured_media":271508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-300045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/300045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=300045"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/300045\/revisions"}],"predecessor-version":[{"id":300046,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/300045\/revisions\/300046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/271508"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=300045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=300045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=300045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}