Demand for political risk insurance is expected to increase by 33%, driven by growing tariff uncertainty and instability in the global trading environment, according to a survey of multinational companies with revenues exceeding $1 billion.

Howden’s 2025 report, titled Opportunity in Flux attributes this surge in demand to escalating geopolitical tensions, volatile financial markets, trade disruptions, evolving supply chains, and intensified competition for critical minerals—all of which are fueling the need for credit and political risk insurance (CPRI).