SaralnamaGlobal conflicts drive demand for war risk insurance. Today, individuals and companies buy policies to protect against war damage. From Ukraine to Iraq, insurers cover losses from missile attacks to facility damage. Until recently, premiums ranged from 0.5% to 2% of total cover for high-risk areas. Next, the market is expected to grow, offering more coverage options. London remains the center of this ₹82,000 crore industry, with Lloyd's of London playing a key role. Experts say pricing war risk is challenging due to the rarity of conflicts. However, the sector can be highly profitable, with some funds paying out as little as 2% of premiums collected. (Updated 22 Sep 2025, 05:43 IST; source: link)
Key Points
- Global conflicts drive demand for war risk insurance
- Today, individuals and companies buy policies to protect against war damage
- From Ukraine to Iraq, insurers cover losses from missile attacks to facility damage