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The U.S. has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months.
Inflation, war and social unrest are among the issues swirling in the high risk/low resilience geopolitical environment, Beazley reports.
The insurer is selling a majority of its Russian operations to Zetta Insurance's parent company Interholding.
The war in Ukraine has prompted fears of another major loss event for the insurance industry.
Communication with injured workers is the area that could benefit the most from innovation.
Analysts with Forrester offer insights into the steps risk management professionals should take as Russia's aggression continues in Ukraine.
Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims.
The Russian law discontinues insurance transactions with 'unfriendly countries,' including the U.S., Canada, U.K and the EU, until Dec 31, 2022.
Following the invasion of Ukraine, managing sanctions risk becomes more complicated for enterprises with any exposure to international commerce.
The war in the Ukraine raises the question of what kind of insurance coverage could apply in the event of a nuclear attack?
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