1、IUMIs 2023 analysis of the global marine insurance market 1 Introduction 2 Highlights 4 In context 14 Environmental,social,governance(ESG)matters 16 Marine insurance 18 Global marine hull insurance 23 Global marine cargo insurance 28 Global offshore energy insurance 32 Major loss database 38 Notes 4

2、0 Facts&Figures CommitteeContentsIUMI Stats 20231We are pleased to present our Stats Report for 2023.Overall,marine insurance results do appear to indicate positive growth which is welcomed after a prolonged period of negative returns.Inflation has fallen slightly which is also positive but interest

3、 rates remain high and consumer confidence is slowly recovering post pandemic.However,we shouldnt lose sight of future challenges that are likely to inject a degree of uncertainty into all lines of business.Asset prices continue to rise and inflationary pressure will only add to the value of claims.

4、The oil price is fluctuating and global trade forecasts vary.Trade routes are changing,not least as a result of the war in Ukraine which,itself,is changing the political landscape.New cargoes such as lithium-ion batteries are creating new risks that must be fully understood and mitigated,as are new

5、propulsion technologies resulting from our combined environmental protection ambitions.Added to this,climate change and new weather events are also making themselves known to insurers.We are increasingly managing new types of risk such as cyber and having to deal with the accumulation of risk as car

6、go of increasing value is being stored in single port facilities or is being carried on vessels that continue to grow in capacity.But against this uncertain landscape,we have seen a much-welcomed improvement for marine insurers stemming from changes to frame conditions and skilled underwriting which