Marine insurance prospects in Asia are good but the intense competition has translated into overcapacity and under-performing businesses. Mr Todd Wilhelm of QBE Asia Pacific addresses this concern as well as the need to boost the talent pool, invest in technology as well as incorporate risk management as a tool to provide value-added services to the maritime sector.
Mr Alvin Chan of Generali Global Corporate & Commercial (GC&C) discusses the four increasing exposures for marine insurers - increasing carrying capacity of container carriers, accumulation of static risk covered under marine policies, cybercrime, and piracy and terrorist attacks.
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Shipowners and charterers can suffer from delay caused by incidents on shore such as the recent tragic Tianjin explosions or on board the ship. Mr Will Robinson of The Strike Club looks at the Tianjin event and explains how Marine Delay Insurance can help in such a situation.
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Ms Jekaterina Badejeva of DGS Marine discusses the importance of the Nairobi Convention and why its limited application is a concern.
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Digital technologies continue to transform industrial processes all over the world. Shipping and logistics are no exception: the benefits in efficiency, security and energy savings will be far-reaching. But so will the risks. Mr Dieter Berg and Mr Michael Hauer from Munich Re look into how the emerging technology will change the business.
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