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
Marine & Cargo Insurance
5 posts
Marine and Cargo insurance lets you protect this essential element of your operations at whatever scale with a perfectly coordinated set of services: Comprehensive cargo & marine coverage options, Superior risk consulting services to prevent future losses, Worldwide claims handling for fast and expert loss adjustment, Expert regress assistance to reduce policy demands.
Marine & Cargo Insurance protection and comprehensive support services give your business critical tools for optimising supply chain operations, reducing costs, and handling damages.
Marine cargo insurance is a class of property insurance that insures property while in transit against perils consequent or incidental to the navigation of the sea or air or rail/road/inland waterways.
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 Outlook. 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
Marine cargo insurance is a class of property insurance that insures property while in transit against perils consequent or incidental to the navigation of the sea or air or rail/road/inland waterways.
Marine Insurance is only for goods that are being transported via sea through ships and other vessels. Cargo insurance provides for damages to products in transit via land, sea or air.
Insurance that generally protects shipments from loss, damage, or theft while in transit. This coverage is beyond basic claims insurance that may be provided, and it will reimburse for the designated value of the goods if a covered event occurs while the freight is in transit.
