Following the escalation of regional conflict, the United Arab Emirates and other Gulf Cooperation Council (GCC) states have witnessed a significant surge in demand for war-related insurance policies. Insurance brokers and industry analysts report a sharp increase in inquiries and policy purchases from businesses and individuals seeking coverage for potential war risks.
The heightened demand is driven by concerns over maritime security, property damage, and business interruption due to the ongoing tensions. According to industry sources, premiums for war risk insurance in the region have risen substantially, with some policies seeing increases of up to 50% compared to pre-conflict levels.
Major insurance firms in the UAE, including those based in the Dubai International Financial Centre (DIFC), have expanded their war risk offerings to meet the growing need. The surge reflects broader economic uncertainty and the impact of conflict on trade routes and investment in the region.
