The news: War insurance capacity in the Gulf region has plummeted 80% as insurers retreat due to escalating U.S.-Iran conflict tensions. Multiple underwriters have stopped offering war risk and political violence coverage for events in the region, leaving organizers struggling to secure adequate protection for conferences and exhibitions scheduled across 2026-2027.
Why it matters for MICE operators: Indian PCOs and DMCs working with clients on Middle East events now face a critical challenge: securing event insurance has become expensive and difficult. Operators planning corporate retreats, conferences, or incentive programs in Dubai, Abu Dhabi, or other Gulf destinations will need contingency plans and alternative risk mitigation strategies. Insurance gaps create liability exposure and could force cancellations or client relocations—issues that require advance planning.
The takeaway: Contact your insurance brokers immediately to confirm coverage for any Gulf-region events and explore alternative coverage options or destination swaps now.
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