DP World has introduced a cargo war risk insurance solution that provides coverage across the full length of the supply chain, from ocean or air transit through port storage and on to inland delivery – a product the company says is the first of its kind.
The programme is aimed at businesses trading in or through the Middle East, where traditional insurance has become fragmented, costly and, in some instances, unavailable.
Conventional war risk policies typically cover only one leg of a cargo journey, leaving gaps in protection that the new offering is designed to close.
DP World introduces single-policy war risk insurance covering sea, air and land cargo
The solution covers physical loss or damage caused by war-related risks, including conflict, civil unrest, seizure and derelict weapons. All valid claims are settled with zero deductible.
DP World said it has used its scale and relationships across global insurance markets to secure pricing that is more competitive than standard war risk premiums – though the company has not disclosed specific figures.
“This is about solving a real, immediate problem for global trade. Supply chains don’t stop at the port or the shoreline, and neither should insurance. For the first time, cargo owners can access a single policy that protects goods across the entire journey, even in high-risk environments, helping keep trade moving when it matters mos,” Yuvraj Narayan, Group CEO, DP World said in a statement.
The programme is designed to maintain continuity across trade corridors including the Arabian Gulf, the Red Sea and surrounding inland routes – areas where conflict and civil unrest have created uncertainty for cargo owners in recent years.
DP World extends insurance coverage beyond the port to inland delivery routes
The product offers a range of options. These include end-to-end protection from ocean or air transit through to inland delivery; standalone ocean, air or land transit policies; and automatic port storage cover for up to 14 days. Coverage limits reach up to $400 million per shipment and $1 million per inland movement.
DP World said the range of options is intended to allow cargo owners to adapt to changes in routes and operational conditions. The company described the combination of coverage scope and pricing as a response to the fragmentation that has characterised war risk insurance in the region.
The solution is available to all companies trading in or through the Middle East.
