India-Pakistan tensions may not impact insurance covers, say experts

For cargo, shipping, and aviation industries, war schemes are available

Insurance covers are taken for a relatively long period of time. But sudden events of conflict between two nations are unlikely to influence any change in rates charged by insurers for any cover taken by companies in the conflict region, said industry experts.

However, they say, if the cover is up for renewal during the time of conflict, insurers can tweak the underwriting norms and factor in the conflict situation accordingly in the premiums they charge.

Generally, conflicts like wars are not covered. “But companies can take cover for war separately or with some existing covers that they have already