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Global premiums up 6.1 per cent

Maritime Risk International

Global premiums up 6.1 per cent

The International Union of Marine Insurance (IUMI) has released its 2021 analysis of the global marine insurance market – known as IUMI Stats Report – showing that global marine insurance premiums for 2020 increased by 6.1 per cent from 2019 to reach US$30 billion. This demonstrated real market development in all marine insurance lines (except P&I) for 2020; however early indications in 2021 are showing that continued development is uncertain.

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