Iran's insurance gambit in the Strait of Hormuz is a claim waiting to happen

Tehran's newly created Persian Gulf Strait Authority is requiring all vessels transiting the Strait of Hormuz to carry Iranian-approved insurance. Free for 60 days. Fees to follow.

Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.

Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.