Authors
Abstract
This paper measures how rising security risk at maritime chokepoints affects marine insurance premiums and the landed cost of goods in regional markets. Using a model built on eight years of monthly data, it separates the effect of perceived risk from that of actual incidents. It concludes that perception moves premiums weeks ahead of incidents, that importing markets rather than carriers bear the cost of that gap, and proposes two instruments to mitigate it.
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Cite this specimen
Al-Sharif, M. & Al-Dib, N. (2026). Maritime Chokepoints and Insurance Cost: Measuring the Effect of Security Risk on Regional Trade. Eissa Journal of Strategic Studies, 1(2), 9–38. https://doi.org/10.5281/eissl.journal.2026.0021
Author declarations
- Author contributions
- The first author designed the econometric model and wrote the first draft; the second author assembled the data and reviewed the statistical analysis; both authors approved the final text.
- Funding
- This study received no funding from any party.
- Conflict of interest
- The authors declare no conflict of interest.
- Data availability
- The monthly premium data are available from the corresponding author on request.
References
- Al-Qahtani, S. (2026). Arab strategic autonomy. EISSL.
- Al-Fahad, O. (2025). Port economics and regional supply chains. Afaq Studies Centre.