With war disrupting trade routes across the Middle East, DP World has launched a new cargo insurance product to protect shipments moving through conflict-hit regions. The company’s new war risk cover is designed to solve a growing problem for exporters and logistics firms: traditional insurance is becoming expensive, fragmented and unreliable as geopolitical tensions rise. DP World said its solution offers continuous protection across the full cargo journey - sea, air, port storage and inland transport - under a single policy. That is a major shift from conventional cargo insurance, which usually covers only one leg of the journey and leaves gaps once goods reach ports or move inland. “This is about solving a real and immediate problem for global trade,” said Yuvraj Narayan, Group CEO of DP World. “Supply chains do not stop at the port, and insurance should not stop there either,” he said. The insurance covers physical loss or damage caused by war-related events, including armed conflict, civil unrest, seizure and derelict weapons. DP World said valid claims will be settled with zero deductible. The programme will be available to companies trading across the Middle East, including the Arabian Gulf and Red Sea routes. DP World is also betting on scale to make the product cheaper. The company said it has secured rates that are significantly more competitive than standard war risk premiums available in the market. The policy includes: End-to-end cargo protection across sea, air and land Automatic port storage cover for up to 14 days Coverage of up to $400 million per shipment Inland transport cover of up to $1 million The biggest advantage is flexibility. A shipment travelling from Asia to Jebel Ali and then moving inland by truck remains covered throughout the journey under one policy. Under traditional insurance, coverage would often stop once the cargo is unloaded at port. The move shows how logistics companies are rapidly expanding beyond transportation as supply chains become harder to manage in an increasingly volatile world. DP World is no longer just moving cargo. It now wants to insure the risks that come with it too.
DP World said its solution offers continuous protection across the full cargo journey - sea, air, port storage and inland transport - under a single policy. That is a major shift from conventional cargo insurance, which usually covers only one leg of the journey and leaves gaps once goods reach ports or move inland. “This is about solving a real and immediate problem for global trade,” said Yuvraj Narayan, Group CEO of DP World. “Supply chains do not stop at the port, and insurance should not stop there either,” he said. The insurance covers physical loss or damage caused by war-related events, including armed conflict, civil unrest, seizure and derelict weapons. DP World said valid claims will be settled with zero deductible.
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