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. LIA Singapore appoints Wong as president with new 2025 goals 2. Vietnam’s life insurance sector slated for dip this 2025 3. Singapore launches online tool for health insurance planning 4. BFSI sector leads cyber insurance adoption at 35% to 40% share 5. Malaysia’s healthcare system faces funding, cost challengesResource Center
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