Yaminah Meka

Do Indices Decide Defence Financing More Than Laws Do?

In light of increased allied defence spending targets, multi-year order books have essentially been made. There are projections for increased spending on security and civil-resilience which include cybersecurity for hospitals and ports, sensor networks for power and transport infrastructure, secure communications for emergency services, demining used in reconstruction, physical protection of critical sites, and instruments that underpin modern defence. NATO has essentially set out a demand signal Read More…

Security, Trade and the Economy

The Economics of Maritime Risk and its Impact on Prices

The London market’s Joint War Committee (JWC), a highly influential advisory group of market practitioners, designates the Listed Areas or areas with “increased risk of war-related perils.” Voyages through Listed Areas must be notified to hull insurance underwriters by shipowners which ultimately triggers a negotiation for an additional premium (AP) for war risk coverage, usually quoted as a % of hull value for a 7-day period. Faced with Read More…

Security, Trade and the Economy

Sanctions and Security: Costs of Canada’s Global Credibility

When Canada sanctions Russia, it’s about defending peace and security. When Canada sanctions Russia, it’s also about your bill at the gas pump and how Ottawa allocates your tax dollars. In 2025, Ottawa faces a strategic triangle: enforcing sanctions to uphold NATO and trans-atlantic unity, funding growing defence commitments, and keeping life affordable for Canadians. Read More…