- Published 30 May 2022
Asia’s marine sector: challenges and opportunities
For much of the last two decades, marine insurance in Asia has remained highly unprofitable. Then four years ago capacity started to reduce and profit began to bounce back. The sector still remains very challenging, though, not least because insurers returning to the sector could now drive down rates.
This report examines some of the opportunities and challenges of the marine insurance sector in Asia, and considers what the next few years might look like as the region starts to pull out of the Covid-19 pandemic. Hear from a range of industry experts, including:
• Anmol Sawlani, chief executive officer at Azure Risk.
• Andrew Brooker, managing director at Latitude Brokers.
• Greg Dodds, Hong Kong country manager at Starr International Insurance (Asia).
• Matthew O’Sullivan, head of motor and marine for Australia and New Zealand at Zurich.
Adva launches US$150m per cover marine war risk facility in Asia
- May 24
The facility aims to ‘plug the gap’ in coverage for voyages to and from designated war risks exclusion zones.
Skuld posts US$122m premium income from Asia
- May 12
The P&I club, which generated 26% of premiums from Asia, improved its combined ratio to 97% in FY 2022/3 from 107% in the year before.
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
- May 11
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
Berkley bolsters Korean desk with senior marine underwriter from UIB
- May 2
Hans Hwang joins the team as marine underwriting manager in Singapore.