Marine insurance supply remains stable as geopolitical and technical changes reshape the market, says IUMI President

AI Summary

The global marine insurance market remains stable with premium growth supported by a weak USD in hull and cargo sectors. The industry faces future changes driven by geopolitics, new trade routes, digitalisation, and the transition towards lower-carbon shipping.

The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak USD in hull and cargo. Meanwhile the sector is entering a period of significant change driven by geopolitics, new trade routes, digitalisation and the transition to a lower-carbon shipping industry. Opening the International Union of Marine Insurance ...