Spillover credit risk from the Middle East war could increase sharply as hostilities persist, S&P Global Ratings said in a report.
Aviation insurance has emerged as a critical pressure point as a consequence of the Middle East conflict. To minimise risk, Singapore-based aviation insurers and reinsurers would need to carefully manage exposure to hull war, passenger liability and third-party risks, according to Mr Tristan Thompson, Aviation Partner at Kennedys, a global litigation and dispute resolution firm.
As the cyber market continues to expand-the market has doubled in global gross written premiums from $8bn in 2020 to $16bn today-insurers are increasingly seeking efficient ways to protect against extreme cyber tail events, according to a new white paper by Gallagher Re.
The Financial Services Commission (FSC) will establish a joint taskforce to monitor the ongoing armed conflict in the Middle East. This initiative aims to facilitate real-time information sharing among relevant authorities and maintain a 24-hour watch on evolving market conditions.
Global trade credit risk management group Coface has forecast global growth of 2.6% this year, a slight easing from 2.8% in 2025. The forecast was made before 28 February when the US-Israel vs Iran military conflict began.
Hong Kong's Insurance Authority (IA) has granted authorisation for CNNC Captive Insurance, set up by the China National Nuclear Corporation.
Respondents in Asia Pacific have identified global supply chain paralysis and global Internet outrage as the two most plausible Black Swan scenarios, according to a Allianz Risk Barometer analysis.
The situation across Middle East shipping lanes has escalated sharply, with substantial operational, navigational, and insurance implications for global trade as a result of the military conflict in the region that began on 28 February.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
Singapore has ranked third globally in the 2026 FM Resilience Index, published by commercial property insurer FM. The index, now in its 13th year, ranks 130 countries and territories by the resilience of their business environments.