Marine insurers saw their premiums rise in 2020 due to one overriding factor, reports IUMI during its annual meeting held these days in Seoul, South Korea - namely Covid-19.
In 2020, the maritime insurance companies' subscription premiums came to USD 30 billion, an increase of 6.1 percent from the previous year, writes the IUMI in a statement, adding that there are generally positive developments in all types of insurance, except P&I.
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