Geopolitical Risks

The marine insurance industry faces myriad challenges including geopolitical tensions, uncertain macroeconomic conditions, ESG issues and a shortage of talent. Inland marine insurers are being further impacted by increased reinsurance costs and severe weather conditions, and as a result are increasingly turning to technology to improve the underwriting process.

Geopolitical risk is firmly back on the agenda for insurers.

Former US senator John Sununu talks to Meg Green about resilience in supply chains, physical plant, and workforce.

Brian Grabek talks globalization and its impact on the insurance industry.

As the Russia-Ukraine conflict ploughs on, corporations are seeking insurance-backedvsolutions to manage geopolitical risk across the rest of the world

Insurers are scrutinizing their books to see how the far-reaching implications of Russia's invasion of Ukraine and an uptick in civil and political unrest around the world may impact their business.

From climate change to geopolitical risks to cyber attacks, insurers are trying to navigate unsure ground. Here are the highlights of exclusive Insider Engage interviews with key executives at RIMS 2022 in San Francisco.

Property damage, forced abandonment, currency and convertibility are among the political risk coverages potentially exposed, said Laura Burns, SVP, US Political Risks, America, WTW said during an interview with Insider Engage at RIMS in San Francisco.

Geopolitical tensions have put pressures on cyber criminals, who may look to move to other countries where it's easier to operate, John Bennett, managing director, Kroll's Cyber Risk Practice said in an interview with Insider Engage at the recent RIMS conference in San Francisco.