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Implications of Ukraine invasion on global insurance industry

Recurso electrónico / Electronic resource
Registro MARC
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24510‎$a‎Implications of Ukraine invasion on global insurance industry
260  ‎$a‎Oldwick [etc.] ‎$b‎A.M. Best Company‎$c‎2022
300  ‎$a‎5 p.
520  ‎$a‎Russia's invasion of Ukraine may have a substantial impact on the world's insurance industry. The economic e.ffects of sanctions include a material increase in commodity prices, which could add to inflationary pressures, challenging efforts by the global central banks and the US Federal Reserve to contain inflation. In addition, the sanctions may have severe knock-on effects not just on oil and commodity prices, but also tourism, as well as the economies of the world's less resilient countries. Further sanctions may impact the ability of international (re)insurers to underwrite Russian risks or make it more difticult for them to service claims on existing policies. Most affected will be those writing large energy and infrastructure risks, sucb as London Market insurers, and international reinsurers. This business has historically been highly protitable. There may also be recovery implications for foreign insurers that have reinsurance
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080584221‎$a‎Conflictos armados
650 4‎$0‎MAPA20080580872‎$a‎Impacto económico
651 1‎$0‎MAPA20100019122‎$a‎Ucrania
7102 ‎$0‎MAPA20080441371‎$a‎A.M. Best Company