Insurance companies await ceasefire durability before reducing marine insurance prices

Follow-ups – Al-Khabar Al-Yemeni:

The maritime website TradeWinds reported that international insurance companies will not initiate a reduction in insurance premiums for ships passing through the Red Sea and the Gulf of Aden until they are assured of the durability of the ceasefire in Gaza.

Sources confirmed that insurance companies are monitoring the security situation in high-risk areas and are linking any price adjustments to actual stability that reflects on commercial navigation.

This decision comes amidst ongoing threats associated with maritime attacks and companies’ fears of a renewed military escalation should the agreement collapse.