Follow Intelligent Insurer’s rolling coverage of the escalating US-Iran conflict, with a focus on developments that matter to the global insurance and reinsurance industry.
Cyber is seen as the specialty line most in demand, as the Middle East conflict pushes insurers and insureds to reassess exposure. According to Kynd, roughly 3% of around 9,000 North American organisations have digital infrastructure located in the Middle East. Read more.
Morningstar has poured cold water on President Trump’s plan to restart oil shipments through the Strait of Hormuz by setting up a $20 billion reinsurance facility. Read all details here.
Data centres are no longer just humming boxes in the suburbs, they are now part of civilian infrastructure that can be squarely in the crosshairs during conflict, and the race to build them is hitting a wall not of capital, land or energy, but skilled labour. Read the full article.
The Middle East conflict extending into cyberspace will challenge insurers. Willis says that attacks on businesses, infrastructure and food supply chains are rising, with fraudsters moving quickly to exploit uncertainty, impersonating airlines and banks in order to steal sensitive and financial information. Read the full story.
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