Political risk insurers face $2 billion exposure to Russia-Ukraine war

U.K.-based consultancy firm Peel Hunt LLP estimates the insurance industry’s political risk exposure in Ukraine and Russia at $2 billion which could amount to sizeable losses for certain insurers, Reinsurance News reported. According to several analysts, political risk, aviation war, trade credit, and marine cargo and war insurance lines are highly exposed to the ongoing war between Russia and Ukraine.