Insurance Intelligence
Maritime war-risk premiums have surged across both chokepoints. Understand the true cost impact on your supply chain.
Lloyd's market, Q1 2026 benchmark rates
Pre-crisis
0.15%
Current
0.95%
Increase
6.3x ↑
Via Hormuz (blocked)
Lloyd's JWC listed area. Most underwriters declining coverage.
6.3x
0.95% total
Cape of Good Hope reroute
Standard marine cargo rates. Slight premium for longer voyage.
1.7x
0.25% total
Overland/Pipeline
Inland transit risk. Yanbu port adds war-risk component.
3.0x
0.45% total
Lloyd's market, Q1 2026 benchmark rates
Pre-crisis
0.12%
Current
0.57%
Increase
4.8x ↑
Via Suez/Red Sea (threatened)
Houthi attacks ongoing. 7-day notice requirement by most underwriters.
4.8x
0.57% total
Cape of Good Hope reroute
Standard rates with minor premium for extended voyage duration.
1.4x
0.17% total
Air Freight
Standard air cargo insurance. No war-risk premium.
1.0x
0.08% total
China-Europe Rail
Russia transit adds political risk premium.
1.7x
0.2% total
Estimated war-risk insurance cost per TEU at average cargo values
| Commodity | Cargo Value/TEU | Original Route | Cape Reroute | Premium Increase |
|---|---|---|---|---|
| Polyethylene (PE) | $45.0K | $42.8K | $11.3K | 6.3x |
| Aluminum (Unwrought) | $55.0K | $47.9K | $11.0K | 7.3x |
| Nitrogen Fertilizer (Urea) | $25.0K | $20.0K | $4.5K | 8.0x |
| Polypropylene (PP) | $50.0K | $47.5K | $12.5K | 6.3x |
| Sulfur | $15.0K | $10.9K | $2.1K | 9.1x |
| Semiconductors & Electronics | $2.50M | $1.25M | $250.0K | 10.0x |
| Coffee, Tea & Spices | $60.0K | $37.2K | $10.8K | 5.2x |
| Pharmaceuticals & APIs | $1.20M | $756.0K | $168.0K | 7.9x |
| Sugar (Raw & Refined) | $18.0K | $8.6K | $2.3K | 6.0x |
| Textiles & Garments | $80.0K | $77.6K | $16.0K | 8.1x |
| Natural Rubber | $35.0K | $28.0K | $6.0K | 8.0x |
Pre-crisis premium
$150
Current premium
$950
Annual increase
+$800
Insurance is just one part of the picture.
Insurance rates are based on Lloyd's of London market benchmarks as of Q1 2026. Actual premiums vary by underwriter, policy type, vessel age, and specific route. This tool provides estimates for planning purposes only and does not constitute insurance advice.