Marine Insurance
Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.
Has Brexit changed the appetite for London arbitrations?
London has long been a hub for international dispute resolution cases, but Brexit may alter that
'Alternative fuel confusion is biggest exposure for marine risk market'
Insurers have a critical role in bringing clarity to the alternative fuel debate and building consensus among maritime industry players
Supreme Court warns on voyage planning and unseaworthiness
Setting sail with a defective voyage plan that endangered the safety of the ship constituted unseaworthiness
UK's underinsured ports are 'highly exposed to catastrophe liability event'
Changes in the liability landscape mean the third-party liability cover held by most ports is woefully insufficient to cover the cost of a multiple serious personal injury claim event, experts warn
Standard Club strengthens Asia presence amid rising claims costs
The continued spread of Covid in Asia, and claims arising in more expensive jurisdictions, have increased the frequency and the average size of P&I claims, says P&I club’s regional managing director
Focus: Port congestion is a fundamental challenge for marine insurers
International trade flows have become significantly more concentrated over the past few years, with $7.5trn – 50% of all global trade – now flowing through 50 key ports
Focus: London marine market must learn from the past – or suffer the consequences
If carriers insist on adopting historically rooted modes of behaviour, rate softening will spread and gather pace at a time when the marine insurance market is at a tipping point
Focus: Co-ordinated action essential to mitigate maritime supply chain crisis
Supply chain issues enable shipowners to obtain higher freight rates and offset increased costs, including the cost of insurance, but a more comprehensive solution is needed to avoid a global recession
Latest Marine Updates
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.