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West Asia Crisis: War-risk insurance premium for Indian airlines moderates after reaching sky-high

West Asia Crisis: War-risk insurance premium for Indian airlines moderates after reaching sky-high

by AIP Online Bureau | Apr 3, 2026 | Eco/Invest/Demography, Indian News, International News, Non-Life

The additional war risk premium stood at approximately Rs 30,00,000 per round trip for a narrow-body aircraft and Rs 90,00,000 per round trip for a wide-body aircraft for a few days but nobody had paid it, said sources New Delhi: After shooting up,because of the...
Reinsurers scrap war-risk cover after US torpedoes Iranian ship

Reinsurers scrap war-risk cover after US torpedoes Iranian ship

by AIP Online Bureau | Mar 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management

Indian insurers and reinsurers have canceled hull coverages in war-affected areas after GIC Re flagged its seven-zone hull war-risk plan, effective March 1. The amended plan designates high-risk waters including Pakistan, the Persian Gulf, and Iran, besides...
Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with US’s IDFC

Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with US’s IDFC

by AIP Online Bureau | Feb 9, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Greg Case, president and CEO of Aon The facility, which will provide reinsurance coverage from DFC on a portfolio of war risk insurance policies up to $100 million, will enable KNIAZHA VIG to deliver comprehensive, innovative war-risk insurance solutions to SMEs and...

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