IAN Reports
- Marine
- 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.
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India likely to provide initial funding to set up P&I entity: report
- October 14
An inter-ministerial consultation process was initiated this year to create the marine insurance entity, with participation from the industry.
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Samsung Fire’s stable underwriting, low COR to help maintain market leadership: AM Best
- October 11
The rating agency has affirmed the insurer's financial strength rating of A++ (superior).
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Markel expands India team with three underwriters in Mumbai
- October 9
Srabasti Dhali has joined from Tata AIG as senior underwriter, specie; Aniket Mehta has been named marine cargo senior underwriter, while Ankur Saxena started as casualty underwriter.
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Markel expands India team with three underwriters in Mumbai
- October 9
Srabasti Dhali has joined from Tata AIG as senior underwriter, specie; Aniket Mehta has been named marine cargo senior underwriter, while Ankur Saxena started as casualty underwriter.