Insurers look to manage risk from Middle East conflictInsurance companies have taken steps to cautiously manage their risk exposure amid intensifying conflicts in the Middle East, which has resulted in the cost of war insurance coverage for ships in the Gulf region to reach "unprecedented levels". "At the same time, we have a responsibility to continuously monitor and manage our risk exposure," he told the Bangkok Post. Marine insurance has been transformed by this war because of the increased risks associated with shipping in the Middle East, said Mr Chanaphan. Trade credit insurance, which insures against trade receivables, will increase due to the risk to international payments, said Mr Chanaphan. Other types of insurance affected are professional indemnity due to volatile market conditions, and political risk insurance for investing in regions with increased tension as it carries higher risks.

Source: Bangkok Post March 19, 2026 23:12 UTC