Commercial insurer Allianz Global Corporate & Specialty released its Safety & Shipping Review, an annual analysis of shipping losses and accidents worldwide. The 2022 report reveals that the maritime ...

The author asks: "Whether marine insurance for hull losses, cargo, delay, seizure, business interruption, and Protection & Indemnity (P&I) coverage is effective in the first place during war, or ...

Marine Insurance in Ship Finance Transactions: What Lenders and Owners Need to Know Marine insurance coverage plays a pivotal role in ship finance transactions, ensuring operational continuity, ...

Predictability is a central premise of marine insurance. Insurers rely on information provided by the insured to foresee risks relating to a given marine undertaking. Marine insurance is the oldest ...

Many of the ships stranded in the Persian Gulf depend on coverage negotiated at Lloyd’s, the center of marine insurance for ...

The Strait of Hormuz has shifted from a key route for global trade into a major pressure point draining billions of dollars through war risk insurance costs, as rising geopolitical tensions reshape ...

With the rise of autonomous ships, marine insurance">marine insurance is starting to face a very different kind of challenge. What once sounded futuristic is now slowly becoming part of real shipping ...

Key private sector players have jointly submitted a memorandum seeking the suspension of the mandatory requirement for local marine cargo insurance until critical concerns are addressed. The ...

Israel and Iran's escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the value of a ...

India currently owns just over 1,500 ships, barely 1.2 per cent of the global shipping fleet, despite being one of the world's largest economies.

Marine insurance is part of the power structure in global shipping. It reveals a real gap China still faces, which Hong Kong can fill.

With London-based insurers pulling out due to Hormuz crisis, India builds its own war-risk insurance cover for maritime ...