Munich RE has published a report finding that the global marine market is characterized by diverse conditions and ongoing changes, presenting various challenges and opportunities across different regions and sectors, reports Safety4sea.
According to the Marine Market Survey, while new investment and capacity are driving increased competition and growth, the industry must also contend with a range of pressing issues, including the impacts of ongoing geopolitical conflicts, rising natural disaster exposure, and increasing legal costs.
To navigate this landscape will require careful consideration of emerging trends and challenges, as well as a commitment to specialized expertise and tailored risk management strategies.
Ultimately, the marine insurance market is poised for continued growth and evolution, driven by advances in technology and shifting global trade patterns. Therefore, a combination of innovation, expertise, and strategic risk management will be essential for success in this dynamic and rapidly changing environment.
Key findings
- The marine insurance markets continue to function well globally, providing essential products and services that enable international commerce and trade.
- Following years of correction, the ocean marine insurance market is attracting new capital and capacity, resulting in new entrants across a number of markets. This is driving increased competition and the broadening of terms across various marine lines.
- Restrictive and protectionist trade measures are impacting exposures in the cargo, hull, and marine liability lines.
- Geopolitical challenges remain an ongoing concern with respect to Marine War as well as Strikes, Riots, and Civil Commotion (SR&CC) and political violence coverages. Ongoing conflicts include the Russia–Ukraine War, Israel–Hamas War, Israel/US–Iran hostilities, and Houthi attacks in the Red Sea. The latter have resulted in casualties, which were affected in July 2025.
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Source: Safety4sea
