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Emerging risks | Growth Opportunities | APAC Insurance

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Monday, August 3, 2026

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Geopolitical

Red and black tugboat with equipment on deck sails in calm sea, a distant pier visible on the horizon.
Lloyd's Market Association moves to end cover for ships paying Iran's Hormuz transit toll
July 24 2026
New model wording excludes cover for transit-related payments and ends cover for the vessel where such a payment breaches sanctions or terrorism law.
Large cargo ship navigating the Strait of Hormuz with containers onboard.
Hormuz war-risk rates climb again after brief easing in June
July 15 2026
Renewed strikes on vessels have lifted Hormuz war-risk rates to around 2% to 4% of hull value, though they remain below March's highs.
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Data centres, supply-chain shifts drive APAC demand for multinational insurance programmes
June 30 2026
As demand for multinational programmes grows, insurers say compliance and execution will define programme success.
no-policies-written-under-us-hormuz-insurance-facility-since-march-launch-report
IUMI sees path to Hormuz stability after Iran-US deal
June 25 2026
IUMI emphasised the importance of ensuring safe and orderly vessel movements as shipping routes stabilise.
Aerial view of a busy shipyard with several large cargo ships in dry docks, cranes towering above, and turquoise water surrounding the docks.
Geopolitics reshapes maritime risk as shipping enters ‘new equilibrium’ – Allianz
June 24 2026
Geopolitical disruption is increasing volatility in marine risk, despite a year-on-year decline in shipping incident
Cargo ship with four gantry cranes on a calm blue sea under a clear sky
Chubb-led consortium launches in Lloyd's market with US$400m for Hormuz war risk
June 19 2026
The facility offers up to US$200m each for hull and P&I risks, alongside US$200m of dedicated cargo cover, as the market responds to the planned phased reopening of the waterway.
Large cargo tanker sailing on calm sea with a distant industrial shoreline on the horizon
Lloyd’s Market Association warns Hormuz shipping recovery hinges on greater clarity
June 18 2026
LMA outlined operational, regulatory and safety hurdles that must be addressed before vessels can safely return to Hormuz transit.
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APRA tells insurers to strengthen readiness for geopolitical shocks
June 18 2026
Larger exposed entities will be asked to assess gaps in crisis preparedness, personnel risk and political risk.
Green container cranes loom over a docked port with stacked cargo containers by the water.
India’s ship certifier tightens stance on sanctioned vessels
June 12 2026
IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows.
stability-returns-to-australian-property-segment-in-1-7-renewals
Middle East conflict fuelling new volatility in Australian claims costs — Crawford
June 11 2026
Higher fuel and freight costs are pushing up repair expenses and prompting contractors to change how they price and deliver claims work.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.