Saudi Arabia shields supply chains with national war-risk insurance pool

RIYADH: Trade can grind to a halt before ports close or shipping lanes are blocked. Disruption can begin elsewhere, when cargo or vessels become too costly or difficult to insure, or when markets are unable to provide adequate coverage for war-related risks. Against a backdrop of rising geopolitical risks in the region and their spillover into maritime traffic, insurance and reinsurance markets, Saudi Arabia is moving to establish a national framework to help keep trade flowing even in a highly