Magazine

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

May 2026

Middle East conflict


Insurers balance operational support and policy precision in ME war

The insurance industry is experiencing the direct and indirect consequences of the Iran-Israel-US war. Oman Re’s CEO Mr Romel Tabaja explains the current state of the insurance market and outlines the way forward to address repercussions.
 

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War fallout ripples through Jordan's insurance sector

The ongoing Iran-Israel-US war has had indirect but notable repercussions on the Jordanian insurance sector, influencing risk exposure, insurance demand, and the performance of related economic sectors, says the Jordan Insurance Federation.
 

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Self-insured overnight: What the Middle East conflict reveals about special contingency cover

Special Contingency Insurance is often treated as a boilerplate risk transfer, but the ongoing regional crisis has revealed the gap between being insured on paper and being protected in practice.
 

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ME war introduces new normal for insurance market

The ongoing Middle East conflict underscores that war risk is a dynamic exposure rather than a static extension of insurance coverage.
 

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India rewrites global marine risk with US$1.4bn maritime insurance pool

In a move that has attracted few immediate headlines, the Government of India has approved a US$1.4bn sovereign-backed maritime insurance pool. 
 

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Sri Lanka will weather this storm, too

Sri Lanka Insurance Regulatory Commission’s Ms Damayanthi Fernando details the disruptions to the country arising from the Middle East war and the adaptive strategies deployed to navigate this period of instability.
 

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News Snippets

GAIF calls for exploring alternative mechanisms to confront geopolitical risks

The General Arab Insurance Federation (GAIF) has urged stakeholders to consider alternative solutions to strengthen the sector’s capacity to deal with war risks.
 

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US govt and Chubb partner with 6 other insurers to offer US$40bn maritime reinsurance facility

The US International Development Finance Corporation (DFC) and Chubb have announced six American insurance partners that will provide reinsurance for DFC’s Maritime Reinsurance plan.
 

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Beazley to launch a marine war consortium

Beazley, a leading specialty insurer, has announced its intention to launch a new marine war consortium, to provide up to $1bn of Lloyd’s capacity, comprising $500m for Hull War and $500m for cargo war, that will be complementary to the existing capacity available in the market. 
 

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Middle East insurance exposure to war on land estimated at US$70-80bn

Persian Gulf states have experienced material damage from retaliatory Iranian missile and drone attacks, following the commencement of hostilities between the US, Israel and Iran on 28 February, according to a report released by Guy Carpenter, a Marsh business and leading global risk and reinsurance specialist.
 

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London P&I Club warns war risk cover may be needed outside high-risk zones

Shipowners and brokers need to consider the scope of their war risk cover,  as the number of war risk claims following incidents outside of traditional high-risk areas has risen, a senior underwriter at the London P&I Club has warned.
 

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Iran war clouds outlook for UAE insurers' asset valuations and investment income

While listed insurers in the United Arab Emirates (UAE) have delivered improved profitability, regional geopolitical tensions are affecting certain lines of business and investment portfolios, according to AM Best.
 

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Export confidence dips slightly amid Middle East conflict, less severely than 2025 tariff shock

Export confidence has held up better during the ongoing Middle East armed hostilities than during the 2025 tariff shock, dropping by only 6ppts to 75% of exporters still expecting positive growth, according to findings published in Allianz Trade Global Survey 2026 “Business as ‘Unusual’ report.
 

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