Political violence insurance moving into hard market: Allianz
Posted On: Apr. 3, 2023 9:50 AM CST![Market conditions](https://bicontent.businessinsurance.com/f9490cb9-4e9a-4a73-af7d-bcf8cca23afa.jpg)
Srdjan Todorovic, head of political violence and hostile environment solutions at Allianz Global Corporate & Specialty SE, said that insurance against political violence is moving into a hard market, as rates are rising while appetite and capacity have ebbed since the Ukraine war started, UK Daily News reported. Mr. Todorovic added that it was a soft market for about 15 years, but it levelled off in terms of rate and capacity after losses in South Africa in 2021.