Magazine

Today insurers and their clients have access to more information to assist in the underwriting and protection of their commercial marine risks.

The commercial marine market is facing headwinds from rising inflation impacting pricing and consumer spending, the effects of the Russia-Ukraine war, geopolitical concerns, and supply chain disruptions.

​Despite the marine cargo industry continuing its low total loss trend—down 57% over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) “Safety & Shipping Review 2022″—emerging exposures threaten to rock the boat.

New to personal marine insurance? Here are three key considerations for agents when looking to write a personal marine insurance policy.

Record sales of recreational boats mean more inexperienced people are taking to the waters, raising concerns for agents and carriers.

Technological improvements make taking to the water safer. Such modernization brings a variety of boat insurance considerations for agents and clients.

From hurricanes to lightning strikes, extreme weather events can lead to significant financial loss if a boater is not adequately prepared or insured.

COVID-19 is shifting the current in the oldest form of insurance in the world. Here are four ways agents are serving their commercial marine clients.

With significant losses over the last couple of years, commercial marine had started moving toward a hard market. Nevertheless, several market research firms have projected growth of $8 billion by 2024.

Even during the coronavirus pandemic, independent insurance agents must stay up to date with the ebb and flow of the dynamic boating industry.