Insurers get queries: How much does war cover cost?
Following India's Operation Sindoor, insurance companies are experiencing a surge in inquiries for war risk insurance. While cargo in transit can still be covered with additional premiums, underwriters are hesitant to provide war risk cover for landed property due to clauses excluding events proximate to war. Reinsurance treaties may be affected during wartime, potentially leading to higher marine cargo insurance rates.
Following India's Operation Sindoor, insurance companies are experiencing a surge in inquiries for war risk insurance. While cargo in transit can still be covered with additional premiums, underwriters are hesitant to provide war risk cover for landed property due to clauses excluding events proximate to war. Reinsurance treaties may be affected during wartime, potentially leading to higher marine cargo insurance rates.
