Increased premiums for war and political violence coverage after Pahalgam assault.
• Insurance premiums for war and political violence cover for Indian companies have significantly increased following the Pahalgam terrorist attack and the recent ceasefire.
• Indian insurers do not offer property insurance policies for war and conflicts to Indian corporates.
• Policies covering war and political violence are being made available from international reinsurers with stricter limits and conditions.
• Geopolitical tensions usually do not influence premium rates.
• The availability and terms of coverage vary according to the property’s location, particularly in high-exposure areas.
• The impact of geopolitical risks on insurance and reinsurance markets has been significant.