Somalia Piracy Escalation Expands Red Sea and Arabian Sea Risk for Marine Insurers

A fresh rise in Somali piracy is no longer just a Gulf of Aden problem. As attacks, suspicious approaches, and hijack risk spread across the Somali Basin and Arabian Sea, marine insurers must rethink routing assumptions, war-risk spillover, and pricing discipline well beyond Bab el-Mandeb.

This InsurTech Gulf article discusses insurance technology, underwriting operations, and market developments relevant to insurers and brokers in the UAE and GCC. It is part of the site's ongoing coverage of underwriting automation, digital insurance workflows, and practical implementation trends in insurance software.