Viewpoint: Insurers must beware energy claims volatility following the Ukraine war
The spike in energy prices arising from Russia's invasion of Ukraine has had a knock-on effect for energy producers and their insurers, increasing the cost of repairing physical damage
The war in Ukraine has driven an uptick in oil and gas production, including the reactivation of mothballed assets. While this increased activity is an opportunity for insurers to earn higher premiums, it also carries the risk of more volatile claims experience
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