Global Trade Is Becoming More Expensive to Insure, and Consumers Are Paying for It

Akshay Sardana on why insurance has become a live strategic variable in global trade | Fast Company Middle East

In a feature for Fast Company Middle East, Akshay Sardana, CEO of Continental Group, examines how geopolitical tensions, climate volatility, and global supply chain disruptions are driving higher insurance costs across shipping, aviation, and cargo. He explains that events affecting key trade routes, such as the Strait of Hormuz, can rapidly increase insurance premiums, influencing freight costs, manufacturing expenses, and ultimately consumer prices. Sardana also highlights the growing shift from cost optimisation to resilience, as businesses increasingly adopt predictive risk modelling and innovative insurance solutions to strengthen supply chain stability. The article underscores how effective risk management and informed decision-making are becoming essential in an increasingly complex global trade environment.