Despite rising premiums, the global marine insurance market faces unprecedented risks from aging ships and geopolitical chaos that could trigger a sudden market reckoning.
The global marine insurance market presents a deceptive picture of stability. With premiums growing 3.5% to US$9.67 billion in 2024, industry leaders speak of returning to a soft environment.
Yet beneath this calm surface lurks a perfect storm of risks that could shatter the industry’s confidence.
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