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From cyber claims to the cutting of business ties, the reverberations from the Russian invasion of Ukraine are felt across global P&C insurance markets.

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Forrester anticipates the Russian invasion to worsen the microchip shortage as Ukraine produces around 70% of the global supply of both xenon and neon, critical gasses used in semiconductor production. (Credit: Drop of Light/Shutterstock.com) Forrester anticipates the Russian invasion to worsen the microchip shortage as Ukraine produces around 70% of the global supply of both xenon and neon, critical gasses used in semiconductor production. (Credit: Drop of Light/Shutterstock.com)

The repercussions from the Russian invasion of Ukraine are reverberating in global markets and risk management leaders worldwide are already, or will soon be, dealing with the impact of the war and sanctions, according to analysts with Forrester Research, Inc.

While the U.S. insurance industry has little direct exposure as a result of the Russian invasion, AM Best reported the industry’s indirect exposure could be substantial.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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