Global insurance trends

Skuld Signs Up For Sustainable Shipping

Skuld, a world leading marine insurer, today announced its continued commitment to sustainable shipping by signing the Poseidon Principles for Marine Insurance. The Poseidon Principles for Marine Insurance are a global framework for assessing and […]

Technology

North P&I Launches New Claims App

A new mobile app from North P&I will make collecting evidence on incidents faster, easier and more accurate while enhancing reporting consistency in future claims. Launched on 12 December 2022, the ā€˜The MRCE Handbook’ app […]

Insurance Brokers

Lockton Sees Darker Skies Ahead

Lockton recently published its P&I Market Review 2022, an analysis of the 2022/23 policy and financial years’ data for P&I clubs, as well as fixed premium providers and reinsurance & pooling arrangements. In the 2022/23 […]

Technology

Automated Demurrage Can Speed Marine/Shipping Claims

Voyager Portal has launched a new web-based tool for optimising the often complex demurrage process, while streamlining claim calculations and management. Providing greater insight from port operations, the company’s newĀ Demurrage ModuleĀ reduces processing time by automatically […]

News

Marine: Rates Have to Rise With Inflation

The latest from North P&I; North P&I Club signals intention to apply a 10% General Increase in 2023/24 premium rates amid swirling economic uncertainty and mounting inflationary pressures.The current benign marine insurance conditions within P&I […]

Lloyd's/London Market

Key Trends in Marine Claims in Focus by AGCS

Need some trends info on the Marine sector? Fire and explosion incidents cause the most expensive insurance claims, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of […]