FS Brew: Navigating the Iran-Israel-US Conflict's Ripple Effects on Insurance

War Risk Cover Pulled in Strait of Hormuz, Hippo Turns Profitable, Aon Tests Stablecoin Premiums | FS Brew NewsVidya and Renjit discuss insurance developments amid the Iran–Israel–US conflict, noting major insurers have withdrawn war risk cover for ships in the Strait of Hormuz and Persian Gulf, pushing premiums from about 0.2–0.25% of vessel value to 1% or more and threatening fuel prices and supply chains as a major share of global oil transits the strait. They cover Hippo Insurance’s first full-year net profit ($58m) on $1.1bn gross written premium (up 24%) with 2026 guidance of $1.4–$1.5bn, and Aon’s proof of concept for paying premiums with stablecoins (USDC on Ethereum and PYUSD on Solana) to compress settlement times to minutes. They also cite S&P maintaining GCC insurers’ credit conditions as stable due to strong capital buffers, discuss war clause wording and possible cyber impacts, and highlight India’s newly licensed digital-first Kiwi Insurance backed by WestBridge and ex–Tata AIG leaders targeting motor, health, property, SME and commercial lines.00:00 Conflict Sets the Stage00:52 Hippo Turns Profitable02:35 Aon Tests Stablecoins03:57 War Risk Cover Pulled05:48 S&P Sees GCC Stability06:41 Cyber and War Exclusions08:25 India’s Kiwi Insurance10:54 Wrap Up and SubscribeRenjit Philip:Consulting: https://linktr.ee/futureustrategygroup/Newsletter: ⁠⁠⁠https://www.onemorethinginai.com⁠⁠⁠Work: https://www.futureu.coSocials:Twitter / X: @renjitphilipLinkedIn: ⁠⁠⁠https://www.linkedin.com/in/renjit-philip⁠⁠⁠Vidya Veerapandian:⁠⁠⁠https://www.linkedin.com/in/vidya-veerapandian/⁠I’ve got a favour to ask! If you enjoy this conversation, please double check that you’ve liked the video and subscribed to the channel! That's a small way you can help us carry on doing this, really appreciate you!