The number of countries experiencing escalating political violence has risen by 36% from a year ago, according to a political map released Thursday by a Marsh Inc. unit and a risk analysis and mapping company.
Thirty-eight countries, or nearly one in five of those analyzed, are experiencing escalating political violence, up from 28 in 2012, according to the Political Risk Map 2013 issued by New York-based Marsh Inc.'s global political risk and trade credit practice and Bath, England-based Maplecroft. The map highlights political risks across 197 countries, including conflict, terrorism and regulatory and business environments.
Maplecroft CEO Alyson Warhurst said in a statement, “Companies with direct foreign investments are operating in a fast-changing, volatile environment that has capacity to deliver pivotal game-changing instability with negative financial consequences.
“The recent Algerian terrorist siege, ongoing European debt crisis, Argentine and Bolivian expropriations of energy assets, the raging civil war in Syria, attacks on the U.S. embassy in Egypt and its consulate in Libya, and reverberations stemming from momentous leadership changes in China, illustrate the dynamic nature of today's global political risk landscape.”
Copies of the map are available here.
Increasing numbers of local and international companies in Kenya are buying insurance against political risks and terrorism, with insurance sales rising over 50% in 2012, AllAfrica reported.