Daily Digest: Insurers must work together on shipping safety, MS Amlin underwriting profit climbs, Yokahu launches parametric risk exchange

Catch up on the essential news and analysis from the Insurance Day experts

The marine market must work together to improve shipping safety The shipping industry is not only lagging behind many other industry sectors in terms of safety, but its performance continues to deteriorate with an increasing number of incidents and fatalities. The Allianz Shipping and Safety Review reported a 10% increase in maritime incidents globally over the last 3 years and, according to Lloyd’s List Intelligence data, there has been a similar increase in the frequency of incidents involving a fatality each year for last five  years.