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Global claims trends to watch in marine insurance

Although the long-term positive safety trend for the global shipping industry continues – total losses have more than halved over the past decade – a number of factors are leading to ever larger claims, according to Allianz Global Corporate & Specialty

Grain and Rain in NOPAC Ports

In their efforts to reduce downtime due to precipitation, many of the ports in the NOPAC region are instructing vessels’ masters to load in ‘light rain’, with the threat of fines if they refuse to comply. As such, a master’s refusal

Annual Stats Report: Another positive year for marine insurers

Yesterday – 01 December 2022 – the International Union of Marine Insurance (IUMI) releases its 2022 global marine insurance market analysis – known as the IUMI Stats Report. The report presents various statistical data from multiple sources, including IUMI’s data, to