While the war has been raging in Ukraine since the end of February, insurers specializing in the transport of goods, particularly by sea, are reviewing their conditions of cover against war risk and are increasing their prices.

The war in Ukraine caused a shock among these actors, united in France within a group, the “Garex”. This shift paved the way for a review of cover for shipowners and owners of goods. In this very specific market, insurers have the option of suspending their guarantees without waiting for contract renewals.

In response to the invasion of Ukraine, specialist insurers have reviewed their coverage and are increasing their prices. Companies transporting goods may have insurance against war risks. However, maritime carriers can take out protection against these risks with major specialized insurers.