Article ID: b70dd102cbfe3221d6fe938066ec2f2ffa7db63fc45795a9e362c9fb560cf2df
Source ID: secondary:businessinsurance.com
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Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/business-interruption-claims-soar-allianz-report/
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Business interruption claims soar: Allianz report - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Business interruption claims soar: Allianz report by Claire Wilkinson Business Interruption , P/C Insurers , Property Allianz Oct 8, 2026 Business interruption claims severity is rising sharply, with average claim values rising by more than 30% annually over the past two years, according to a report issued Thursday by Allianz Commercial. The average full value of a business interruption insurance claim now exceeds €850,000 ($951,575), about 70% higher than the corresponding average property damage claim of close to €500,000, Allianz said. Longer recovery periods, supply chain constraints, inflation, geopolitical tensions and rising mitigation costs are contributing to higher business interruption claim values, the report said. Fire and explosion is the costliest category of business interruption claims globally, accounting for more than 40% of the total value of claims analyzed. Fire accounted for nine of the 10 costliest man-made business interruption events, with semiconductor, energy, metal processing, chemical and defense companies among those particularly affected, the report said. Natural catastrophes were the second-most expensive cause of business interruption insurance claims by value, accounting for 34%, and the most frequent cause, accounting for 26% of claims analyzed. The two claims categories accounted for more than 75% of the value of claims analyzed. Climate-related business interruption exposures are no longer confined to major hurricanes, with wildfires, severe convective storms, localized floods and hailstorms also contributing materially to losses, the report said. The report is based on an analysis of 7,888 business interruption insurance claims valued at about €6.74 billion (US$7.82 billion) from 2021 to 2025. The claims data included Allianz Commercial’s share of losses and the shares of other insurers involved on the same risks. Related News A.M. 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