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اليوم السابع
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US-Iran conflict reshapes global insurance
The article discusses how the U.S.-Iran conflict is reshaping the landscape of global insurance, especially amid rising risks linked to war, cyberattacks, and sanctions. The crisis has led to insurance claims soaring to between two and three billion dollars, alongside a shift in maritime insurance policies from annual documents to per-journey pricing based on detailed specifics. This change raises insurance costs and complicates the assessment process. Additionally, the classification of high-risk areas has expanded to include the entire Gulf region. The sector faces challenges such as limited data on ship movements, increased costs, and complexities in liability and loss distribution across insurance branches. Cyberattacks and the use of drones have redefined notions of warfare, with the industry now confronting risks that blur the line between physical and electronic threats. Furthermore, sanctions intensify coverage restrictions and financial settlements, forcing the insurance industry to adapt to a volatile, fast-moving environment. The conflict's impact extends to shipping, aviation markets, and global supply chains.
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