Overall, 2023 was a positive year for the global marine insurance market

The global marine insurance premium base for 2023 reached USD 38.9 billion representing an uplift of 5.9% from the previous year. Development was seen across all lines of business with the offshore energy sector enjoying a 4.6% increase, cargo insurance 6.2% increase and ocean hull 7.6% increase. Global premiums reflect a combination of insurable volumes and prices per unit. The […]