Developments in AI and related regulation will require an overhaul of liability insurance policies and th...
P&I Clubs to increase rates by 5% to 7.5%
All 12 mutual members of the International Group of P&I Clubs will increase premium rates at the 20 February renewal, primarily because of inflation, but there should be less need for such significant…
All 12 mutual members of the International Group of P&I Clubs will increase premium rates at the 20 February renewal, primarily because of inflation, but there should be less need for such significant…
Article / 1 month ago
EU emissions cap to cost ship sector ‘billions’
Europe’s extension of the Emissions Trading Scheme (ETS) to the maritime sector could cost the industry billions in compliance...
Europe’s extension of the Emissions Trading Scheme (ETS) to the maritime sector could cost the industry billions in compliance...
Article / 4 months ago
P&I club warns of shipping crew crisis on back of Covid-19 and supply chain woes
P&I insurer Standard Club has warned of a “looming crisis” in shipping crews, after a seafarers’ happiness index dipped to an all-time low...
P&I insurer Standard Club has warned of a “looming crisis” in shipping crews, after a seafarers’ happiness index dipped to an all-time low...
Article / 2 years ago
Shipping safety remains at all-time high but risks lie ahead: AGCS
Shipping losses remained at a historic low in 2020, with 49 large ships lost and the number of incidents down 4% year on year to 2,703, but Covid-19...
Shipping losses remained at a historic low in 2020, with 49 large ships lost and the number of incidents down 4% year on year to 2,703, but Covid-19...
Article / 3 years ago
Buyers push back on marine rate increases in 2021
Marine rates have continued to harden in the first half of 2021, although hull and machinery underwriters seeking...
Marine rates have continued to harden in the first half of 2021, although hull and machinery underwriters seeking...
Article / 3 years ago
IUMI renews focus on ESG issues to help deliver for clients
The International Union of Marine Insurance (IUMI) is refocusing efforts on environmental, sustainability and governance (ESG)...
The International Union of Marine Insurance (IUMI) is refocusing efforts on environmental, sustainability and governance (ESG)...
Article / 3 years ago
Claims and loss prevention in sharp focus for marine community during pandemic
Despite the interruption of global trade brought about by Covid-19, the international maritime sector has experienced a worrying level of claims activity during this period and the...
Despite the interruption of global trade brought about by Covid-19, the international maritime sector has experienced a worrying level of claims activity during this period and the...
Article / 3 years ago
Survey reveals dissatisfaction with marine claims
Only 48% of maritime claims managers are happy with the claims process...
Only 48% of maritime claims managers are happy with the claims process...
Article / 3 years ago
Gallagher urges P&I clubs to limit premium increases at renewal to around 5%
The drive from P&I clubs to push through double-figure premium increases at...
The drive from P&I clubs to push through double-figure premium increases at...
Article / 3 years ago
Covid-19 has pushed insurers forward ‘by a generation’, says IUMI
The Covid-19 pandemic has forced the insurance industry to digitalise “in a few short months” and moved the sector forward “by at least a generation”...
The Covid-19 pandemic has forced the insurance industry to digitalise “in a few short months” and moved the sector forward “by at least a generation”...
Article / 4 years ago