Ping An’s emergency response unit issued 59 risk alerts and 23 analysis reports on Middle East tensions, responding to 52 customer enquiries since January.
Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and Sompo Japan are considering broadening their high-risk zones amid the escalating Middle East conflict.
Shipping firms face stricter underwriting terms and rising costs as marine insurers react to heightened conflict risk in the Gulf and surrounding waters.