Supply chain issues have made headlines recently as backlogs at ports build up and in some cases large ships are turned away. This article highlights the supply chain problems which are holding back the UK’s economic recovery and why insurance is only part of the solution.
For ships at sea, the costs of securing a new part or component can escalate rapidly. Could 3D printing help optimise the shipping industry's supply chain for spare parts? In this article, Jarek Klimczak, Marine Risk Engineer, Asia Pacific, AXA XL Risk Consulting, offers his views.
Working together to ensure the safe delivery of effective Covid-19 vaccines in emerging market countries
A new Lloyd's Syndicate will insure the transportation and storage of Covid-19 vaccines, once they've been developed and approved for use in emerging market countries. Produced by AXA XL, this article provides more details and highlights the key role played by monitoring technology.
Recent restrictions on the movement of people and goods meant that many marine vessels were withdrawn from service and laid up in ports around the world. This article sheds light on how marine telematics can be used to keep track of insured vessels and revolutionise marine portfolio management.
Today, the cargo market is in a state of distress and correction, with Lloyd’s issuing a directive to its syndicates to improve their profitability or exit the market. Produced by AXA XL, this article focuses on the state of the cargo insurance market in 2020 and the challenges faced by carriers.
Every element of the supply chain is affected by the restrictions in movement of people and goods imposed to try to halt the spread of Covid-19. Produced by AXA XL, this article highlights the implications for marine cargo and how businesses can manage the various risks presented.
Constant change is one of the reasons why technology firms are a big part of AXA XL’s inland marine insurance client base in the Western US. This article highlights why technology firms need inland marine insurance and the other sectors seeking inland marine coverage.
If property assets can move, structures can be built, or unique valuation needs exist, it’s likely that someone is relying on inland marine insurance. Ken Mueller, AXA XL’s Southeast Regional Director of Marine highlights the growth opportunities within the market and AXA XL’s underwriting appetite.
MarineTech is here to stay and evolve, but how do industry players do the same? In this article, AXA XL’s Anne Marie Elder looks at how new technologies are changing the marine risks that her team insure and changing the way they underwrite risk.
Beginning on 1st January 2020, a new regulation approved by the International Maritime Organization requires that virtually all ships limit their sulphur emissions to less than 0.50% m/m (mass by mass). This article looks at the implications for ship owners and how they can achieve compliance.