Technical Update: Middle East

The current geopolitical instability and ongoing conflict in the Middle East is generating a range of potential exposures across a broad spectrum of policy types. Specialty lines, in particular, may be exposed to claims arising directly from the crisis, as well as from the wider regional and global impacts of the situation, including sanctions, supply chain disruption, market volatility and heightened security risks.

 

The purpose of this briefing document is to provide guidance for clients on the potential implications of the Middle East situation for different types of insurance cover and to highlight key considerations for risk management, policy interpretation and claims preparedness.