Marine insurance: On an even keel

  • PDF
  • Marine
  • Rating +3

The marine insurance industry has navigated rough waters during the recession, but the tide may be turning. The percentage of total hull losses is at a record low, according to reports from the International Union of Marine Insurance, and Allianz's Global Corporate and Specialty's Shipping Review similarly found total losses of large ships fell by 20% in 2013.

Having weathered the recession, the marine insurance industry looks to be heading into calmer waters. What are the next challenges and opportunities in store for the sector?