Saudi Marine Insurance Vessel Supports Trade During Crisis

The article focuses on the creation of the Saudi Risk Fund for War Hazards covering goods and ships, as part of the Kingdom's strategy to strengthen the readiness of the insurance market and mitigate the impact of geopolitical tensions on foreign trade and supply chains. The fund aims to ensure the availability of insurance coverage under high-risk conditions, limiting premium increases or coverage restrictions, and supporting the continuity of trade movements even amid regional tensions. It also plays a role in supporting the national transportation and logistics strategy by reducing risks that could lead to shipping disruptions or increased costs, thereby protecting the Saudi economy and international trade from market disturbances and sudden fluctuations in insurance prices.

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