Update on Insurance in Ukraine: Money Transfers Between Insurers and Reinsurers Possible Again
Good Risk Management focuses on identifying and treating defined risks and should be a continuous and developing process embedded in a company’s HR and wider Benefits strategy.
The Price Cap on Russian Oil – Implications on Insurance
Insurers, insurance brokers, shipowners and charterers will now be required to check the price of Russian oil cargoes on board ships they own, charter or insure.
End of International Coverage for Russia / Belarus / Ukraine?
The international insurance industry is no longer willing to agree on coverage for Russia and Belarus. The options for coverage in Ukraine are very limited.
Beyond International Programs – Cover Exclusions for Russia, Belarus and Ukraine
The European insurance markets are not providing any new covers for property and business interruption risks in the Russian Federation, Belarus and in Ukraine.
Legal assessment of the risk exclusion “war” in insurance
The current military conflict between Russia and Ukraine can easily be classified as war for the question of the interpretation of insurance conditions.
War in Ukraine and Cyber Insurance
Since the start of the war in Ukraine, fears of cyber-attacks due to parallel hybrid war are increasing. In this article we explain how the insurance industry is reacting and how the war clause affects conditions.
Terrorism and Political Violence Insurance
For many insurance buyers in Europe Terrorism and Political Violence Insurance remains a niche coverage, although it is often required by financing banks or investors.
War in Ukraine – impact on insurance
The war in Ukraine and economic sanctions against Russia have so far had a drastic impact on the insurance industry.
Business travel insurance in the event of war – “passive war risk” and evacuations
Even if the “passive war risk” is covered: the crucial question is whether insurance claims can be made locally in an area touched by war and which service can be provided by the insurer.
War in Ukraine: Cargo insurance and political risks
The dangers of war and strike are excluded in the “all risks” coverage, but they are usually included in the individual policies with additional clauses.