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Marine tag returned 67 results

  • Japan: Major insurer incurs gross losses of US$595m from July floods

    Japanese insurance giant MS&AD has posted incurred expected gross losses of JPY66bn ($595m) from the destructive floods that struck the southwestern part of the country last month.

    Asia | 13 Aug 2018
  • Human error persists as a major cause of shipping incidents-Allianz

    Human error continues to be a major cause of shipping incidents and behavioural and cultural risks must be addressed, according to Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review 2018.

    AIRPlus | 02 Aug 2018
  • Middle East: War risk insurance premiums could rise

    Saudi Arabia announced last Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two Saudi crude tankers in the Bab Al-Mandeb strait, underscoring risks caused by the conflict in the region.

    Middle East | 30 Jul 2018
  • India: Insurers stop giving cover to Iranian cargo

    Indian insurance companies have stopped providing insurance cover to goods-- mainly crude oil-- imported from Iran.

    Asia | 30 Jul 2018
  • Intra-regional trade in Asia to benefit from rising US protectionism

    The trade outlook for Asia and the rest of the world remains strong despite rising trade tensions, which is positive for the global insurance industry that is increasingly reliant on Asia to drive premium growth. Trade credit insurance - as well as cargo, marine and hull - could see a boost if intra-regional trade picks up.

    AIRPlus | 27 Jul 2018
  • Asia: Region sees rise in shipping losses, even as global downward trend continues

    A third of shipping losses occurred in the South China, Indochina, Indonesia and Philippines maritime region, up 25% annually, even as large shipping losses declined by more than a third (38%) over the past decade including 2017, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & Shipping Review 2018.

    Asia Risk | 25 Jul 2018
  • Indonesia: Transport insurance business forecast to grow by 10% this year

    A new regulation covering insurance for the export of coal and palm oil (CPO) as well as improving economic conditions are likely to boost transport insurance, including marine cargo insurance, at least until the end of 2018, says the Indonesian General Insurance Association (AAUI).

    Asia | 24 Jul 2018
  • Asia: Region has most major shipping incidents over last decade

    Large shipping losses have declined by more than a third (38%) globally over the past decade, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017. Yet, incidents in the South China, Indochina, Indonesia and Philippine maritime region rose by 25% in the past year and the region was the Number One area worldwide for major shipping incidents for the past decade leading it to be dubbed the "new Bermuda Triangle" by some media commentators.

    Asia | 20 Jul 2018
  • Turkey: Carrier liability insurance made mandatory for freight forwarders

    The authorities have gazetted a regulation that among other provisions makes it mandatory for freight forwarders and other logistics companies to acquire carrier liability insurance.

    Middle East | 11 Jul 2018
  • Global: Shipping associations launch new security resources for the maritime industry

    Several international shipping industry organisations, with military support, have launched a new website dedicated to providing comprehensive maritime security guidance.

    Asia Risk | 04 Jul 2018

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