Global marine premiums rise by 6% to $33bn in 2021 spurred by cargo: Iumi
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Global marine premiums rise by 6% to $33bn in 2021 spurred by cargo: Iumi

marine cargo ship hull.jpg

Global marine insurance premiums went up by 6% to $33bn in 2021, driven by an increase in cargo premiums, which rose by 8% to $18.9bn.

Premiums went up across all lines of marine business, according to the facts and figures report from the International Union of Marine Insurance (Iumi), and the classes of business continued to report healthy loss ratios following a multi-year period...

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