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In 2024, the CEO of Power Information Technology Company (PITC) - a subsidiary of Pakistan’s Ministry of Power – disclosed that Pakistan had faced 40 million cyberattacks in just one year. Many of those were directed against the country's infrastructure. The country’s natural resources sectors have also been targeted, including pipelines. These attacks not only threaten energy supply and economic growth, but they can also result in highly costly material damage, operational shutdowns, or safety system failures.

The New Reality of Cyber - Physical Risks in Pakistan

In 2024, the CEO of Power Information Technology Company (PITC) - a subsidiary of Pakistan’s Ministry of Power – disclosed that Pakistan had faced 40 million cyberattacks in just one year. 1Many of those were directed against the country's infrastructure. The ...

Lockton appoints Naji Abboud as Senior Executive Officer for DIFC branch

Lockton appoints Naji Abboud as Senior Executive Officer for DIFC branch

Lockton appoints Naji Abboud as Senior Executive Officer for DIFC branch

Lockton RE makes significant investment in MENA region building on existing presence to launch Lockton RE, MENA

LOCKTON RE MAKES SIGNIFICANT INVESTMENT IN MENA REGION BUILDING ON EXISTING PRESENCE TO LAUNCH LOCKTON RE, MENA

LOCKTON RE MAKES SIGNIFICANT INVESTMENT IN MENA REGION BUILDING ON EXISTING PRESENCE TO LAUNCH LOCKTON RE, MENA

Risk vs Reality: Why Companies in the GCC Should Differentiate Their Political Violence Cover

In today’s Global, volatile geopolitical environment, organisations across the Gulf Cooperation Council (GCC) are increasingly reviewing their insurance strategies, with a particular focus on enhancing political violence (PV) coverage. The rationale is understandable - boards and investors are increasingly calling for broad PV policies that they believe will safeguard their corporate social responsibility (CSR) priorities and, for listed firms, preserve investor confidence and secure capital commitments. Within this mindset is a belief that robust PV protection goes beyond merely addressing potential damages; it demonstrates to stakeholders and analysts a commitment to forward-thinking risk oversight, bolstering corporate governance and market positioning.

In today’s Global, volatile geopolitical environment, organisations across the Gulf Cooperation Council (GCC) are increasingly reviewing their insurance strategies, with a particular focus on enhancing political violence (PV) coverage. The rationale is understandable - boards and investors are increasingly calling for broad PV policies that they believe will safeguard their corporate social responsibility (CSR) priorities and, for listed firms, preserve investor confidence and secure capital commitments. Within this mindset is a belief that robust PV protection goes beyond merely addressing potential damages; it demonstrates to stakeholders and analysts a commitment to forward-thinking risk oversight, bolstering corporate governance and market positioning.

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