Allianz 2026 Political Violence & Civil Unrest Trends Report
What’s in this report from Allianz Commercial:
War has displaced civil unrest as the political violence exposure companies fear most, according to Allianz Commercial’s 2026 analysis of global political violence and civil unrest trends. The shift reflects a risk landscape that has grown considerably in scale and complexity: areas affected by armed conflict have expanded 89% in the past five years, an estimated 36,000 business assets now sit in conflict zones and a new conflict in the Middle East is already reshaping global trade routes, energy markets and insurance exposures.
Some key findings:
- Business interruption and supply chain disruption are the top concerns among companies facing political violence exposure, cited by 72% of respondents each.
- Civil unrest is no longer a risk confined to fragile states: Analysis shows that “mid-resilient” economies accounted for 70% of global strikes, riots and civil commotion events between 2020 and 2025, with countries like France, Germany and the US among those experiencing high protest frequencies.
- “Gray zone” activities — sabotage, cyber-attacks and disinformation campaigns — are increasingly being deployed by state and non-state actors against critical…
