1. Insurtech gathers momentum in marine sector
Underwriters and brokers are increasingly using machine learned behavioural analysis to rate risk.
2. IUMI sees growth in database for large losses
More countries join marine insurers project to develop global database of marine losses
3. RSA Luxembourg’s Richard Turner urges marine sector to embrace change
Technology will eventually distort the demand for shipping insurance and shipping will get safer. Anything that can be digitalised will be digitalised and anything that can be traded on an automated basis will be.
Andrew Yeoman, CEO at Concirrus
Underwriters and brokers need to learn new skills, says IUMI chairman Richard Turner, who is pushing the marine industry to welcome advances in technology
4. War risk and cyber products evolve in marine insurance
Underwriters develop and add new products to account for heightened political tensions and advances in internet technology
5. Tough love at Lloyd’s could help marine markets finally take off
Major doubts hang over whether rate improvements can be sustained in the long term following the restructuring at Lloyd’s of London
6. Convex converges on marine insurance
Major doubts hang over whether rate improvements can be sustained in the long term following the restructuring at Lloyd’s of London
7. Nordic market sees growth from shipowners attracted to service
Vessel owners are increasingly turning to dedicated insurance providers in northern Europe for their hull cover
8. Markel International optimistic over Asian insurance market
Underwriter working at Lloyd’s platform in Asia says the region’s prospects are good
