Political Rallies and Their Impact on Pakistan’s Insurance Industry

The recent political rally in Islamabad led by Imran Khan in Pakistan is symbolic of more than just the trajectory of the country. They also highlight substantial risks for businesses and opportunities for the insurance industry to change and innovate.

How Businesses are Affected

What do political rallies tend to lead to?

???????????????? ????????????: Businesses in high traffic spots are at the mercy of vandalism.

?????????????????????? ??????????????????????: Roadblocks and closures may cause delays to operations and delivery.

?????????????? & ?????????????? ?????????????? ??????????: Vehicles owned by the Company or by Contractors are often damaged accidentally or vandalized.

These risks usually lead to a surge of insurance claims in these situations.

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What This Means for the Insurance Industry

Businesses operating from politically unstable regions are well protected through various measures of insurance

Here’s how the industry is stepping up:

Terrorism Coverage: Protecting businesses from damages and losses caused during political rallies and unrest.

???????????????? ??????????????????: Teaching companies on how to deal with risks is the order of the day.

??????????????????????: Insurance policies are revised to incorporate the new risks caused by political distortion.

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The Takeaway

No one can say when there will be political turbulence, but through proper planning and implementing the right insurance policies, companies would weather the storm. You can strengthen your organizations during such situations by revisiting some of your policies, seeking help from brokers in addressing certain risks.