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The early establishment of such an institution was closely related to separation forces within Spain which subsequently caused various acts of terrorism and civil unrest / riots.
The South African Special Risks Insurance Association (SASRIA) was created in order to insure or reinsure against losses or damage to property directly related or caused by any act directed to overthrow the government by means of fear, terrorism or violence. The reason for this early establishment (1979) is again closely related to inner political and social facts. As South Africa was facing a difficult political and social situation at this time, insurance or reinsurance covering such risks had to be created...
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