MARCH 4, 2026 AT 06:48 PM
Japan insurers weigh higher premiums for shipping near Iran, Nikkei Asia reports
Importance
Level 1
- Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance and Sompo Japan are considering adding waters around Qatar and Kuwait to their list of high-risk areas, which already include Iran and the United Arab Emirates. The additional premiums will be negotiated with individual shipping companies.