The global economic crisis and reverberations from the Arab Spring color the latest edition of Aon Risk Solutions’ Terrorism & Political Violence Map. The 2012 map shows 37 countries downgraded to reflect a growing level of risk, including three countries—Maldives, Senegal and Papua New Guinea—that underwent double downgrades. Meanwhile, six countries were upgraded to reflect reduced risks.
In 2011, the map, which Aon produces in collaboration with Risk Advisory Group, showed 19 downgrades and 11 upgrades.
Claridge says the Arab Spring continues to cause aftershocks. “We’ve seen authoritarian governments in Africa and in wider parts of Asia taking measures to protect themselves from any potential similar challenges that have been meted out in the Middle East,” he adds, citing the civil unrest in Syria and Libya.
With downgrades far outpacing upgrades this year, “businesses need to identify the threats they face and implement comprehensive risk management programs,” Henderson says.