Insurance industry and the Middle East conflict
Impact of US-Iran conflict on the Insurance industry. The impact of a mid-east conflict, consistent with any conflicts, would impact the insurance industry in the US both directly and indirectly. Direct impacts, easy to anticipate, would be to physical infrastructure and life in the strike range of low to medium range missiles from Iranian controlled regions (both within the country and regions that are under the influence of the Shiite majority). indirect impact would be from business interruptions to businesses in the US as a result of an attack within striking distance of either Iran or one of the countries within their area of influence. Mapping geopolitical events and creating models that would reflect the impact across the globe is a challenge that insurance companies struggle to capture and reflect. Third party vendor risks have gathered significant attention both by businesses and by insurance companies. Risks being assumed by businesses through their involvement of ven