Tariffs top political risk concerns despite Middle East conflict, says Willis survey

The latest Willis Political Risk Survey reveals that economic policy risks, especially tariffs, remain the primary political concern for companies, even amid the Middle East conflict. 61% of respondents reported negative financial impacts from tariffs, which they find harder to manage than international violent conflicts. The survey also highlights rising political risk insurance claims and growing corporate preparations for geopolitical divisions between Eastern and Western markets. This indicates that global businesses are increasingly focused on managing risks from trade disputes and economic coercion rather than just traditional war zones.