Product Update

Marine Insurance Market Update in The Risk Report


Marine insurance has taken a more public role in light of supply chain issues, piracy, shipping disasters, COVID-19 quarantines, and disruptions in ocean shipments. While maritime safety has generally improved, marine risks remain, including cargo accumulations at ports, the proliferation of mega cargo ships, and an increasing number of fires on container ships. In this issue of The Risk Report,, Marine Insurance Market Update, Joseph Harrington reviews current conditions in the ocean marine market that directly impact shippers and underwriters and indirectly impact just about everyone else.