In this edition of the MEIR Dialogue, we speak to Norton Rose Fulbright's Partner and Head of Middle East Insurance Shabnam Karim on the far-reaching impact of the current conflict in the Middle East on the regional and global (re)insurance industry. The ongoing hostilities have created an extraordinarily complex risk environment, and insurers, reinsurers, brokers, and policyholders alike are grappling with a range of coverage, claims, and regulatory challenges that extend well beyond traditional war and terrorism exposures.
In this episode, we explored the full spectrum of claims activity that the market should anticipate, from political violence and terrorism losses through to the less immediately obvious but equally significant exposures across cyber, credit and non-payment, directors' and officers' liability, employment practices, and financial crime.