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Dec 13th, 2013 Comments: 0

Marine insurers need to adapt to thrive

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Given the events of 2012, the choice of ‘Marine Insurance – building resilience and defining a sustainable future’ as the common theme for the IUMI annual conference could not have been more apt.

The Costa Concordia was the biggest single casualty loss in history for the marine insurance market and Superstorm Sandy at an estimated cost of $2bn to $2.5bn delivered the biggest combined event loss ever for marine underwriters industry. However, the insurance market has shown its resilience to deal with these losses but the market has to look to the future and the changing needs of its clients.


Marine insurers need to adapt to thrive
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