The tail of claims may prove long. Even before the conflict, the International Union of Marine Insurance (IUMI) had forecast average hull claim costs to rise by 7 to 22% over five years, while Nordic insurers association Seafore reported in April 2026 that claim costs per ship are 33% higher than pre-pandemic levels. Regis Brodin, global head of marine claims at Allianz Commercial, said the insurer has already received notices of claims from the conflict, “some of which are significant” and anticipates further claims due to potential total loss, spoilage of cargo on stranded ships. Those ships have also faced disrupted maintenance and biofuels, while the growing size of ships is driving up the usual average claims – the contribution can reach up to 50% of cargo value, which Allianz notes could exceed US$100 million for a carrier loaded with a few thousand electric vehicles.
Strait of Hormuz signals new maritime order, Allianz warns & more related News Here
