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war risk insurance

noun

  1. life insurance for members of the armed forces.



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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

With conflict continuing in Ukraine and the Middle East, a little-explored global industry has never been more in demand – the war risk insurance market.

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For while general household insurance doesn't cover conflict damage – whether you live in Ukraine or a country not under attack - Mrs Kalcheva had had the foresight to take out specialist war risk insurance cover for her mother.

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War risk insurance is the general term for a sector that also offers cover against terrorism.

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And £621m, or nearly 80%, of that figure is said to go to specialist insurers in the City of London, which is the centre of the international war risk insurance market.

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But for a British or American company operating in Lebanon or Israel, "currently, premiums are priced between 0.5% and 2% of the total cover they buy," says a senior London war risk insurance underwriter who asked not to be named.

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