Secure and insure

Nazery Khalid outlines the key trends shaping and influencing the marine insurance sector

Against the backdrop of attacks on ships in war risk zones, rising incidents involving ships such as ferry capsize, collisions, groundings and cargo spills owing to various factors, growing focus on environmental, social and governance (ESG) and cyber security, environmental concerns such as emissions and climate change and increasing digitalisation of ships and onboard equipment, the risks faced by the shipping industry are also on the rise.