Demand for war risk and political violence insurance has risen sharply across the UAE and Gulf region as businesses and individuals seek protection against growing geopolitical uncertainty following the regional war.
Insurance industry executives said enquiries for such policies have increased significantly over the past few months, with premiums also rising for coverage related to commercial properties, residential units and motor vehicles. The US and Israel launched attacks against Iran on February 28, targeting its political and military leadership as well as key military installations. In response, Iran launched drones and missiles towards several Gulf countries, raising concerns among residents and businesses across the region.
We are seeing growing awareness and demand for enhanced protection solutions across the UAE and the wider GCC region. Businesses today are placing greater emphasis on supply chain resilience, operational continuity and proactive risk management,” said Omer Elamin, president of Orient Insurance Group. mAt the same time, individuals are also becoming more conscious of the importance of comprehensive protection for their homes and vehicles,” he added.
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