Risks Rise For Insurers As War Pressures On Iran Mount

Markit3.71K FollowersFollow5ShareSavePlay(8min)CommentsSummaryInsurers providing war cover in Persian Gulf countries face higher risks as the US and Israel continue their air campaign against Iran.While Iran has targeted US military infrastructure in Gulf Cooperation Council countries, it has also hit civilian property, including hotels, airports and energy facilities.Property damaged in attacks would trigger claims under political violence and war-on-land policies for insurers and reinsurers.Cyberattacks are also a possible risk for insurers. mediaVi/iStock via Getty Images Insurers providing war cover in Persian Gulf countries face higher risks as the US and Israel continue their air campaign against Iran. Iran has hit a range of non-military targets in the Gulf in retaliationThis article was written byMarkit3.71K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.