ShippingWatch

Marine insurance premiums continue to decline

Disproportion between premium earnings and the obligation to cover sizeable losses is a concern for marine insurance companies after a new decline in income in 2016.

Photo: Carlos Osorio/AP/Polfoto

Marine insurers' underwriting premiums continue to decline, according to new numbers published by the International Union of Marine Insurance (IUMI).

In 2016, premium earnings came to USD 27.5 billion corresponding to a decline of 9 percent. The year before, earnings also showed a drop of 9.9 percent relative to 2014.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs