Insurance — Maritime Insurance Costs Surge Amid Middle East Tensions While Cyber and Climate Risks Escalate

Insurance · 2026-03-18

Today's developments reveal an intensifying convergence of geopolitical, environmental, and technological risks that demand immediate attention from insurance professionals. The dramatic spike in maritime insurance costs through the Strait of Hormuz (reaching 5% of vessel value) signals a fundamental shift in marine risk assessment, while simultaneous Iran-linked cyber threats to U.S.…