The Arab region has the experience to deal with war risks and geopolitical unrest, and is prepared to do so, said General Arab Insurance Federation (GAIF) Secretary General Chakib Abouzaid.
The US International Development Finance Corporation (DFC) has announced that it would provide marine reinsurance in the Gulf region for losses of up to approximately $20bn on a rolling basis.
Spillover credit risk from the Middle East war could increase sharply as hostilities persist, S&P Global Ratings said in a report.