RISK RADAR · THEME

Geopolitics, conflict and trade

War and political violence with an insurance consequence, sanctions, war and cyber-war exclusions, trade wars and tariffs driving claims costs, shipping chokepoints, supply-chain disruption, sovereign and expropriation risk.

ARGUS’S READING ● Steady · Hormuz uncertainty continues to affect marine and energy exposures; Coface's GCC downgrades predate this review period.

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AI and technologyClimate and natureGeopolitics, conflict and tradeCyberEnergy and the transitionSocial and legalFinancial and macroHealth, pandemics and longevityNatural resources and foodUnder the radar

1. 16 Oct 2026Middle East Insurance ReviewMarine, aviation and transport

   NowClaims and pricing

   Japan plans state-backed marine insurance support for oil shipments ↗

   State-backed oil-shipment cover shows private war-risk marine capacity may not be enough.

2. 15 Oct 2026The National — insuranceMarine, aviation and transport

   NowClaims and pricing

   Ship lost to fire and sinking in Strait of Hormuz amid reported cargo scramble ↗

   Loss at Hormuz chokepoint signals rising marine exposure for hull and cargo underwriters in the Gulf.

3. 14 Oct 2026Our briefProperty and catastrophe, Credit, surety and political risk

   NowClaims and pricing

   Aon and EBRD expand Ukraine war risk facility to €150m as MS Amlin raises its share

   A public-private backstop is expanding war reinsurance for Ukraine, keeping war-exposed property insurable.

4. 14 Oct 2026Our briefMarine, aviation and transport

   1–3 yrsCapital

   AM Best sees growth opportunities for MENA reinsurers as international reinsurers grow more selective

   Prolonged Strait of Hormuz disruption would reach insurers via oil prices, supply chains and inflation, despite war exclusions.

5. 13 Oct 2026Our briefCredit, surety and political risk, Marine, aviation and transport

   NowClaims and pricing

   Australia issues do-not-travel warning for Riyadh airport after Houthi strikes

   Government travel warnings after Houthi strikes could leave travellers uncovered where policies exclude advice-linked claims.