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Beyond War: Property & Business Interruption Insurance in an Era of Geopolitical and Catastrophe Risks
Geopolitical conflicts, wars, and large-scale catastrophes are increasingly creating systemic disruptions that extend far beyond physical damage, affecting supply chains, energy markets, construction costs, and business continuity globally. While traditional property and business interruption (BI) insurance frameworks were designed around tangible damage events, modern crises are exposing gaps in coverage, limitations in policy triggers, and challenges in applying exclusions such as war clauses.
This webinar is jointly organised by Singapore College of Insurance and Fenchurch Law, Asia-Pacific. It will move beyond a single conflict to examine how war and catastrophe-type events—whether geopolitical or natural—are reshaping risk profiles, underwriting considerations, and claims outcomes. Participants will gain practical insights into coverage limitations, claims complexities, and strategies to better structure insurance programmes in an increasingly volatile and interconnected risk environment.
Target Audience
- Underwriters (Property, Energy, Engineering)
- Claims professionals (Property & BI)
- Brokers and risk advisors
- Risk managers / corporate insurance buyers
- Reinsurance professionals
- Legal and coverage specialists
Topics
From Events to Systemic Risk: Why War & Catastrophes Matter
- Shift from isolated events to global, interconnected disruptions
- Impact on supply chains, energy prices, inflation, and project timelines
- Why these risks challenge traditional insurance assumptions
Property Insurance Implications: Underinsurance & Cost Pressures
- Escalation of reinstatement costs (materials, labour, delays)
- Underinsurance and application of average clause
- Implications for valuations, declarations, and renewals
Business Interruption Challenges: Triggers, Delays & Gaps
- The physical damage trigger limitation
- Supply chain disruption and contingent BI exposures
- Delay vs damage: uninsured losses in modern scenarios
- Increased Cost of Working (ICW) and mitigation challenges
War Exclusions, Coverage Gaps & Claims Realities
- Scope and uncertainty of war and political risk exclusions
- Interaction with terrorism and political violence covers
- Claims challenges: causation, concurrent causes, documentation
- Practical steps to strengthen coverage and reduce disputes
Q&A
- Interactive discussion with participants
- Clarifications on policy wordings, claims scenarios, and market practice
Speaker
Mr. Julian Teoh - Partner at Fenchurch Law, Asia-Pacific
Mr. Julian Teoh is a specialist insurance and reinsurance lawyer (coverage and defence) with over twenty years’ post-qualification experience, having also worked in-house with Australia’s largest general insurer.
Julian has particular expertise in complex property, construction and business interruption claims. He has worked on risks in the Asia-Pacific region since 2007 and has acted in disputes arising from major regional and global events including most recently, business interruption claims arising from the Covid-19 pandemic.
His expertise has been recognised in various legal directories, including the Gracechurch Asia-Pacific Insurance Law Report and Euromoney’s Expert Guide to Insurance and Reinsurance in Singapore.
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if you have any questions, please feel free to contact us at events@scidomain.org.sg
