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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.
From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
The world’s largest maritime insurance mutuals will withdraw war-risk insurance for ships entering the Persian Gulf from March 5, escalating pressure on global shipping as conflict in the region intensifies. Seven members of the International Group of Protection and Indemnity (P&I) Clubs - which insure about 90% of global ocean-going tonnage - will automatically terminate war-risk coverage for vessels entering the Persian Gulf and adjacent waters. The move follows similar cancellations by reinsurers, prompting insurers to reassess their exposure. The withdrawal is expected to discourage shipowners from loading cargoes in the region, which supplies roughly 20% of the world’s crude oil and is a major exporter of refined fuels and liquefied natural gas. While alternative coverage remains available, market participants report premiums have surged by 25% to 50%, and in some cases doubled. Japanese insurers have also reduced or suspended war-risk coverage in nearby waters, reflecting broader industry caution. Analysts warn that further escalation, particularly any direct attacks on merchant vessels, could drive insurance costs significantly higher and disrupt global energy and trade flows.
Full Issue
Risk Channel
UK/Europe
The world’s largest maritime insurance mutuals will withdraw war-risk insurance for ships entering the Persian Gulf from March 5, escalating pressure on global shipping as conflict in the region intensifies. Seven members of the International Group of Protection and Indemnity (P&I) Clubs - which insure about 90% of global ocean-going tonnage - will automatically terminate war-risk coverage for vessels entering the Persian Gulf and adjacent waters. The move follows similar cancellations by reinsurers, prompting insurers to reassess their exposure. The withdrawal is expected to discourage shipowners from loading cargoes in the region, which supplies roughly 20% of the world’s crude oil and is a major exporter of refined fuels and liquefied natural gas. While alternative coverage remains available, market participants report premiums have surged by 25% to 50%, and in some cases doubled.
Full Issue
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