Opportunity, Threat for Insurance?
No country in the world, however well protected, can consider itself immune from political violence. Terrorism is evolving fast as networks and cells continue to look at new methods to inflict damage and cause panic. Under the current circumstances, politically motivated attacks and civil unrest in Ethiopia keep threatening business organizations. As a result, companies look to insurance protection—primarily political risk and terrorism coverage—to manage the exposure. The current eruption of political violence in parts of Ethiopia and the adverse human and financial cost, coupled with the swelling tendency of threats, is pushing the risk into uncharted territory.