Daily Digest: Cargo insurers innovate, Black Sea war rates surge, Swiss Re sets 2026 targets

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

Softer rates demand innovation in cargo Changing market conditions are driving innovation in the cargo market as brokers and underwriters look for new ways to find margin and provide unique products in arguably one of the broadest marine lines.Broker Gallagher’s Cargo Insurance Market Update, published in August, warned competition in the cargo space was starting to “really heat up”, with rate reductions evident across all classes in 2025 including those that were previously stable. This trend is set to continue into 2026, putting pressure on profitability.