At its 150th Annual Congress in Berlin, Germany, the International Federation of Marine Insurance (IUMI), a global federation representing marine insurance companies, presented its analysis of the latest trends in the marine insurance market.
In 2023, the global marine premium base reached $38.9 billion, marking an increase of 5.9% compared to the previous year 2022. Growth was recorded across all sectors, with the marine energy sector increasing by 4.6%, freight insurance premiums up 6.2%, and offshore hull premiums increasing by 7.6%.