War risk insurance premiums up 450% for Hormuz transit. Marine cargo insurance surging. Auto insurance rising with gas prices. Health insurance costs climbing. Life insurance underwriters adding conflict exclusions. Analysis of how the Iran war is affecting insurance across all sectors.
Likely yes. Auto insurance is rising due to increased gas and repair costs. Health insurance may see increases as drug supply chains are disrupted. Marine and shipping insurance has surged 450%.
War risk insurance covers losses from acts of war, including damage to ships, cargo, and aircraft in conflict zones. Premiums for Hormuz transit have increased from 0.1% to 0.55% of cargo value.
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.