Insurance

  • Marine Insurance And Arctic Risk

    The retreat of Arctic ice has opened new possibilities for tourism, resource exploration, development and marine transport. For example, over the past decade alone, cruise ship activity in Svalbard, an archipelago between mainland Norway and the North Pole, has doubled. 

  • Changing foreign trade dynamics of India &...

    The healthy performance of India’s international trade over the last two decades reflects India’s increasing integration with the global economy. There has been a remarkable rise in the degree of openness of the Indian economy, and this increased interaction has resulted in thehigher growth of the economy as well asa rise ininternational trade.

  • North P&I Club highlights the steps to GDPR...

    Leading marine insurer North P&I Club has highlighted the steps to be taken by the shipping industry to meet its obligations under the upcoming EU General Data Protection Regulation (GDPR), which enters into force in May 2018.

  • XL Group's Global Brand Offers Marine...

    XL Catlin, the global brand used by the insurance and reinsurance companies of XL Group Ltd XL , has recently introduced an insurance solution, customized for marine contractors in the United States. The newly introduced insurance solution will not only help the marine contractors acknowledge and protect their work from the hazardous day-to-day exposures but also boost the property and casualty (P&C) insurer's service portfolio. 

  • Navigators to Acquire Belgian Specialty Insurer

    The Navigators Group, Inc. (NASDAQ:NAVG) today announced that it has entered into a share purchase agreement for the purchase of all of the shares of Assurances Continentales – Continentale Verzekeringen NV (“ASCO”) and Bracht, Deckers & Mackelbert NV (“BDM”).  ASCO and BDM are both based in Antwerp, Belgium.

  • P&I cover for autonomous vessels

    Developments continue apace and leading industry players expect to start seeing remotely operated vessels in commercial operation by 2020, if not before.

  • Skuld Reports Positive Nine-Month Result Of USD...

    Skuld ended the first nine months of the 2017/18 reporting year (as at 20 November) with a positive bottom-line result of USD 27 million (up 68.7%, from USD 16 million year-on-year) with the contingency reserve standing at a record high of USD 421 million (up 15.6%, from USD 364 million year-on-year).

  • Insurance Presentation for the Chios Marine Club

    It is with pleasure and some pride that SM Sigma Maritime Technical Consultants announce the high-profile presentation entitled “The Insurance Perspective of Marine Disasters” that took place earlier this month.

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Cyber risks and the maritime industries: risk identification, mitigation and response

Maritime industries are becoming increasingly reliant on technology and the use of data. On the one hand, this represents a shift towards industries that are safer, more efficient and more profitable – prime examples being the increasing use of e-bills of lading and automated systems for the operation of container ports. However, this greater reliance on technology also brings with it a range of increased risks.

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Liquefaction leads to yet more loss of life and total losses

The recent loss of Emerald Star in September this year, with the loss of another 10 seafarers lives, and the sinking of the Bulk Jupiter in 2015, with the loss of 18 lives, should remind us all of the inherent risks in transporting potentially hazardous goods such as nickel ore. Since 2009, there have been at least nine total loss cases attributable to liquefaction, resulting in the loss of over 100 lives.

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Marine Insurance And Arctic Risk

The retreat of Arctic ice has opened new possibilities for tourism, resource exploration, development and marine transport. For example, over the past decade alone, cruise ship activity in Svalbard, an archipelago between mainland Norway and the North Pole, has doubled. 

English

Changing foreign trade dynamics of India & marine insurance

The healthy performance of India’s international trade over the last two decades reflects India’s increasing integration with the global economy. There has been a remarkable rise in the degree of openness of the Indian economy, and this increased interaction has resulted in thehigher growth of the economy as well asa rise ininternational trade.

English

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