1、IUMIs 2024 analysis of the global marine insurance market 1 Introduction 2 Highlights 4 In context 12 Marine insurance 14 Global marine hull insurance 20 Global marine cargo insurance 26 Global offshore energy insurance 30 Major claims database 34 Notes36 Facts&Figures CommitteeContentsIUMI Stats 20

2、241We are pleased to present our Stats Report for 2024.Overall,the 2023 insurance year was positive for marine underwriters with market development seen across all lines of business.World trade continued to grow which impacted positively on the global premium base,particularly for cargo insurance.Th

3、e oil price appears to have stabilised which is good for the offshore sector.Inflationary pressure has eased and many central banks are beginning to cut their interest rates,although this does not necessarily have an immediate effect on vessel repair costs.Apart from some inflation impact on hull re

4、pair costs,the claims environment was also relatively moderate in 2023,with no major weather events or vessel casualties making a significant impact on the overall costs,despite a few major fires.Large vessel fires,particularly on containerships and car carriers,are still a growing concern for hull

5、and cargo insurers.Increasing geopolitical tensions are creating headwinds for our industry and there seems no end to their impact in 2024 or beyond.The continuing Houthi attacks in the Red Sea area and the Russia/Ukraine war are disrupting traditional shipping routes and causing some carriers to ch

6、ange the way they operate.Other headwinds for 2024 and beyond will include the impact of the impending US election,climate change and associated extreme weather events,zero-carbon fuel technology and cyber-risks.But despite this,the marine insurance market has fared well in 2023.This report presents