In recent weeks, media attention has focused sharply on the steep rise in marine war insurance premiums. As a result, war risk premiums for hull and machinery had already increased to around 0.20–0.25%. Availability of coversContrary to some perceptions, war risk insurance has not disappeared from the market. In the current scenario, war risk premiums for hull and machinery have surged to as high as 7.5% of the vessel’s value, while cargo rates have risen to approximately 0.50% of cargo value. However, in situations where exposure is unavoidable, war risk insurance becomes less of a discretionary expense and more of a necessity.

Source: The Telegraph April 13, 2026 02:11 UTC