Physical losses may still be relatively contained but the US-Iran conflict is generating a second wave of insurance exposure through delay, deviation, cancellation and aggregation risk that has become the central insurance issue. For insurers and brokers, one big supply chain focus area is what happens when assets like ships, cargo and planes are immobilised and when voyages extend in duration, or, are canceled altogether.
Widening insurance impact of US-Iran war: From delayed cargo to canceled Mediterranean cruises
By Awais
