International sanctions and the marine insurance industry

Christopher Jones, of IUMI, takes a look at sanctions from an insurance perspective

Geopolitical risks can spark investor retraction, risk aversion, slash the value of the global markets and cause significant disruption to trade. Even the threat of such risks can be devastating, particularly to trade in physical goods on a multinational basis and often subject to lengthy, complex supply chains. Shipping as a key cog to the global economy and the fiscal well-being of many countries is an obvious sector to be both adversely impacted by rises in geopolitical tensions and also used a weapon by states to achieve their political objectives.