Insurance has become central to managing risk in global supply chains and logistics as they have grown increasingly complex and vulnerable to disruption.

Supply chains are coordinated networks between sellers or manufacturers of goods and its shippers, suppliers or distributors. They form the critical pathways—and potential bottlenecks—from raw material to finished goods, and from finished goods to distribution and realization of revenue and profit. Material disruptions to supply chains can arise for any number of reasons: natural disasters, catastrophic accidents, labor strikes, cyberattacks, software failures, export controls, tariffs, other regulatory intervention and armed conflict are just a few. Such disruptions increase waste and diminish business revenues and profits.