Advertisement
Advertisement
war risk insurance
noun
life insurance for members of the armed forces.
Example Sentences
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.
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.
War risk insurance is the general term for a sector that also offers cover against terrorism.
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.
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.
Advertisement
Advertisement
Advertisement
Advertisement
Browse