Global Cargo Insurance Industry
Tokio Marine, Marsh launch port disruption insurance
Tokio Marine, Marsh launch port disruption insurance
Standalone coverage provides up to $50m in capacity for losses.
Surge in demand for cyber, marine, cargo, and property insurance in SG and Malaysia
Success in both markets relies heavily on how they’ll navigate uncertainties.
Global cargo insurance premiums reached $17.2b in 2020
Outlook for 2021 however looks bleak.
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1. Indonesia’s PA&H slated for 13.4% CAGR through 2029 2. FWD launches cross-border medical plans amidst rising demand in GBA 3. FWD Group’s new business sales rise 46% to $679m in Q1 4. India’s mental health insurance claims rise 30% amidst growing awareness 5. Insurance Development Forum launches open tools for climate risk understandingResource Center
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He discussed how insurers can leverage GenAI, especially in building new O2O channels to stay competitive in a digital-first world.
