Premium Risk Premium

{
  "band": "uneconomic",
  "confidence": 0.86,
  "drivers": {
    "escalation": {
      "health": "fresh",
      "score": 61,
      "weight": 0.3
    },
    "throughput": {
      "health": "fresh",
      "score": 71,
      "weight": 0.3
    }
  },
  "modeledMultiple": 5,
  "reference": {
    "asOf": "2026-09-24T00:00:00.000Z",
    "deprecated": {
      "jwcMultiple": "Same value as straitsEstimateMultiple. Kept for compatibility; not a Joint War Committee figure."
    },
    "jwcMultiple": 30,
    "note": "Standing straits.live insurance-estimate multiple, shown as context. Not a published Lloyd's Joint War Committee figure (the JWC publishes Listed Areas, not a premium multiple). Set manually and changes infrequently, so it is a reference anchor, not a live comparator.",
    "source": {
      "name": "straits.live estimate · carrier advisories, Lloyd's List, TradeWinds, Reuters",
      "url": "https://straits.live/methodology#markets"
    },
    "straitsEstimateMultiple": 30
  },
  "riskScore": 75,
  "schema": "https://straits.live/api/premium/risk-premium",
  "vlccWarPremiumUsd": {
    "high": 10000000,
    "low": 250000,
    "note": "peace-baseline and current-crisis anchors, not a current range; estimated separately from modeledMultiple, so the two will not divide exactly"
  }
}

# bash or zsh: see the payment challenge. Nothing is charged.
curl -sS -g -i 'https://straits.live/api/premium/risk-premium'

# x402 v2 sends the challenge base64-encoded in the PAYMENT-REQUIRED header (v1 sends it in the body).
# To read the header:
curl -sS -g -o /dev/null -D - 'https://straits.live/api/premium/risk-premium' \
  | grep -i '^payment-required:' | cut -d' ' -f2 | tr -d '\r' | base64 --decode

// npm i @x402/fetch @x402/evm viem
import { wrapFetchWithPayment, x402Client } from "@x402/fetch";
import { registerExactEvmScheme } from "@x402/evm/exact/client";
import { privateKeyToAccount } from "viem/accounts";

// Pays at most $0.05 per call.
const client = new x402Client().setSpendControls({ maxAmountPerPayment: "$0.05" });
registerExactEvmScheme(client, { signer: privateKeyToAccount(process.env.EVM_PRIVATE_KEY) });
const pay = wrapFetchWithPayment(fetch, client);

// Not sure it's safe to pay? ToolVet checks it first for $0.005. Pay for that from a separate
// client: this one is capped at $0.05 per payment. GET https://toolvet.app/api/v1/check?url=https%3A%2F%2Fstraits.live%2Fapi%2Fpremium%2Frisk-premium
const res = await pay("https://straits.live/api/premium/risk-premium");
console.log(res.status, await res.text());

# pip install "x402[requests,evm]"
import os
from eth_account import Account
from x402 import x402ClientSync
from x402.http.clients import x402_requests
from x402.mechanisms.evm import EthAccountSigner
from x402.mechanisms.evm.exact.register import register_exact_evm_client

# Pays at most $0.05 per call.
client = x402ClientSync().set_spend_controls({"max_amount_per_payment": "$0.05"})
register_exact_evm_client(client, EthAccountSigner(Account.from_key(os.environ["EVM_PRIVATE_KEY"])))

with x402_requests(client) as session:
    res = session.get("https://straits.live/api/premium/risk-premium")
    print(res.status_code, res.text)