Marine Insurance

Philippines, FAO push insurance access for small fishing vessels

The country offers subsidies, flexible payment schemes, and simplified products.

Lockton announces new head of marine, energy

She joins Lockton with 13 years of experience from Howden Malaysia.

Asia-Pacific leads in marine insurance market share with 28%

Thanks to expanding manufacturing sector and increasing maritime trade.

Singapore’s general insurance industry to grow 6.2% CAGR by 2029

The industry is expected to expand by 8.0% in 2024.

2024 Policy Address: Hong Kong aims to boost marine insurance offerings

HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.

Tokio Marine, Marsh launch port disruption insurance

Standalone coverage provides up to $50m in capacity for losses.

What will drive the Thai general insurance market to reach $10.9b by 2028?

Motor, the largest segment, is expected a boost from EV registrations.

How did marine insurance premiums fare in 2023?

Europe and Asia showed strong development in the cargo insurance market.

Tokio Marine Kiln enhances APAC team with new underwriter

She brings over 20 years of marine insurance experience.

Korea P&I Club's conservative investments support stability

KP&I has implemented general premium increases.

Marsh's $50m facility to tackle growing port issues

The facility is backed by insurers from Lloyd’s of London and the London market.

QBE Asia stresses stronger insurer ties for marine sector

China, Japan, and SG comprised 70% of the GVA  in the region’s marine sector.

Russian marine insurers secure India's approval: Report

The approval came after the Russian National Reinsurance Company provided financial guarantees.