The numbers behind the fear
War has overtaken civil unrest as the political violence exposure companies fear most, for the first time on record. Allianz Commercial’s 2026 Political Violence and Civil Unrest Trends report puts armed conflict at the top concern for 53% of respondents globally, up from 48% a year earlier, and closer to 60% across Europe and Asia-Pacific specifically. Civil unrest, which had led the rankings for the past two years, has fallen to second at 49%, with terrorism and sabotage close behind on 46%.
