Large multinational companies are increasingly considering standalone political violence cover while SRCC is commonly incorporated into property insurance in parts of Asia.
The institute's call to action comes as recent cybersecurity incidents at financial institutions exposed the risks posed by internet-facing systems and third-party connections.
The council is urging the next government to back resilience infrastructure, stronger land-use planning and long-term funding to reduce natural hazard risks and protect insurance affordability.
The expanded offering comes as regulators and corporates across Asia-Pacific show growing interest in captives and other alternative risk-transfer mechanisms.
Falling premiums reflect surplus capital rather than lower exposure, PARIMA speakers said, as geopolitical, AI, climate and labour risks combine and compound.
