Global marine insurance market remains stable, says IUMI

Insurers from across the world met in Rotterdam recently at the International Union of Marine Insurance annual conference, as Liz Booth reports

The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak US dollar in hull and cargo. Meanwhile the sector is entering a period of significant change driven by geopolitics, new trade routes, digitalisation and the transition to a lower-carbon shipping industry.