Saudi Arabia shields supply chains with national war-risk insurance pool
- Saudi Arabia is establishing a 'War Risks Insurance Pool for Cargo and Vessels' to enhance domestic insurance capacity against rising geopolitical risks affecting trade.
- The initiative aims to ensure the continuity of goods flow and support businesses in transportation and logistics, strengthening Saudi Arabia's role as a trade hub.
- The insurance pool will extend coverage not only to vessels based in Saudi Arabia but also to activities and companies with Saudi interests, enhancing clarity for international logistics.
