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1.0 DISCUSS THE IMPACT OF POLITICAL AND ECONOMIC INSTABILUTY TOWARDS THE INSURANCE INDUSTRY. POLITICAL Explain each point: 1. Commercial shipping mute commenting charges which makes

1.0 DISCUSS THE IMPACT OF POLITICAL AND ECONOMIC INSTABILUTY TOWARDS THE INSURANCE INDUSTRY.

POLITICAL

Explain each point:

1. Commercial shipping mute commenting charges which makes insurance cargo rate change.

2. Migrant crisis in Mediterranean of their obligation

3. Rise in piracy and war incidents

4. Sactions bring risk exposure

5. Marine Insurance concern in welfare

6. Cyber attacks

ECONOMIC

Explain each point:

1. Company can have fare losses due ti economic deflection

2. Unemployment rate among workers in insurance industry as most of the company shut down

3. Company declare bankruptcy

4. Increase in rate in charter freight

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