Black Sea War Risk Expansion Raises Shipping Insurance Costs
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes
Marine & Cargo Insurance
Marine and cargo insurance protects goods, vessels and other property in transit against physical loss, damage and transportation-related risks. Explore the latest marine and cargo insurance news, shipping risks, claims, underwriting, regulation, supply chain exposures and market developments affecting carriers, businesses and insurers.
Marine Insurance Faces Soft Cycle, War Volatility, and Shifting Global Trade
Marine insurers warn of soft pricing, major losses, and fragmented trade as geopolitical conflicts reshape shipping and supply chains
How Countries Combat Russia’s “Shadow Fleet” with Insurance Inspections
Norway launches a 6-month pilot urging tankers in its EEZ to disclose insurance, targeting shadow fleet risks and aligning with regional maritime safety efforts
P&I Clubs Reach Record Free Reserves on Strong Investment Returns
The IG clubs collectively reported a record high level of free reserves in 2023/24 driven by high investment returns, mainly due to the reversal of prior year unrealised losses on fixed income portfolios
Marine Insurers Face Rising Claims & Planning Rate Hikes for 2025
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
UK Tighten Scrutiny on Russia’s Shadow Fleet and Insurance for Crude Oil
UK and India increase scrutiny on Russia’s shadow fleet and crude oil shipments, impacting maritime insurance and global oil exports.
Western Insurers Provides Cover for Tankers with Russian Oil Despite Sanctions
Western insurers have provided coverage for Rosneft tankers transporting sub-sanctioned Russian crude… despite the risks linked to the G7 price cap
How Many Insured Losses Drives the Francis Scott Key Bridge Collapse?
The collapse of the Francis Scott Key Bridge near the Port of Baltimore, Maryland is expected to drive up to $4 bn in insured losses
Unity Facility: Risk Mitigation for Ukrainian Grain Exports in Global Insurance
Marsh McLennan’s new Unity facility to cover Ukrainian grain exports could pave the way for more insurance solutions to support the country amid the ongoing war
Global Marine Insurance Market Review
Global marine insurance premiums totalled $35.8 bn an 8.3% uplift. European markets continued to enjoy growth whilst some Asian markets had slowed
Shipping Safety & Key Risks for Marine & Cargo Insurance
Shipping losses hit a record low in 2022-2023, but jump in fires, shadow tanker fleet and economic uncertainty pose new safety challenges
Aviation, Marine & Cargo Global Insurance Market Forecasts & Dynamics
The aviation, marine and cargo transit (MAT) Global Insurance Industry is estimated to grow at a compound annual growth rate of 6.4% from 2023-2026
Insurance Industry & Country Risk Assessment for the Global Marine P&I Sector Outlook
S&P Global Ratings’ insurance industry and country risk assessment (IICRA) for the global marine protection and indemnity (global P&I) sector is intermediate
Marine & Cargo Insurance Market. Top Causes of Claims in Marine Insurance
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, exposures and inflation, cargo damage is the most frequent cause of loss
Lloyd’s and Insurers Support to EU & UK Govt on Ship Insurance Ban for Russian Oil
95% of the P&I insurance market handled by EU and UK-based insurers, according to experts, it will be difficult for Russia to completely get around the ban
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits