AIR+25 Sep 2018

Global marine premiums up 2% - IUMI

| 25 Sep 2018

The International Union of Marine Insurance (IUMI) has released its annual statistical report on the marine insurance market highlighting that global marine premiums were $28.5bn in 2017, up 2% from 2016. However,IUMI says that, despite this increase, there is an increasing mismatch between income levels and covered risk when current premium levels are viewed in relation to covered risks and the impact of claims.

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