Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Oct 2026

Marine


Marine hull insurance market faces converging disruptions

An influx of new capital and resultant willingness to underwrite more competitively, and continued geopolitical tensions spanning the Black Sea, Red Sea, Gulf of Oman and Persian Gulf are just some of the unprecedented disruptions marine underwriters are facing this year. 
 

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Insurance market navigates Middle East marine exposure

Conditional capacity has become the new market rule for marine insurance risks. Geography, routing, vessel characteristics, accumulation, security arrangements, policy wording and  local retention capacity play a greater role in determining marine insurance business.
 

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Strait of Hormuz crisis tests Institute War Clauses

The Lloyd’s Market Association (LMA) on 23 July 2026 published a new model clause, LMA5708 – Strait of Hormuz Transit Fee Condition. This was in response to the ongoing impasse in the Strait of Hormuz arising from geopolitical tensions in the Gulf. The new clause is primarily intended for the use of marine hull and hull war markets. Middle East Insurance Review spoke with insurance industry veteran R Balasundaram about the implications of the new model clause.
 

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Geopolitical volatility drives agile marine underwriting in the Levant

Political and security risks continue to reshape marine insurance underwriting, with insurers adopting increasingly agile risk assessment practices as tensions in the Levant remain highly fluid, according to the International Union of Marine Insurance.
 

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Autonomous ships pose new risks in uncharted cyber waters for insurers

Autonomy and new technology in maritime activities bring new challenges that need to be carefully managed. 
 

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