Losses from riots in the world exceeded losses from terrorist attacks by 10 times

Since 2015, insurance companies have repaid the damage caused by public riots in the amount of over $ 10 billion. The amount of compensation for the damage caused by the rallies turned out to be ten times higher than the damage caused by terrorist acts, follows from the report of the insurance broker Howden.

Thus, the amounts paid for the terrorist attacks amounted to less than a billion dollars, the report notes.

Howden chief executive Tom Bradbrook said that over the past 20 years, the insurance market has moved from a relatively break-even business to a market of significant losses.

As an example, the report mentions acts of vandalism and looting during the protests of the Black Lives Matter movement in the United States in 2020, rallies in Chile in 2019, as well as riots in South Africa in 2021. The report notes that the losses of insurers from riots in Africa were significantly higher than the losses of insurers from natural disasters.

Earlier, Allianz analysts reported on the danger of public unrest. The study noted that with the advent of social networks, it became easier to organize public unrest. Moreover, riots can break out simultaneously in several places at once, the researchers pointed out.