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International

Asia: Marine insurance growth not in pace with maritime sector, says QBE official

October 30, 2014 Reprints

QBE Insurance Group Ltd.'s Singapore chief executive Karl Hamann has said that Asia's marine insurance industry growth is keeping pace with the developments in the region's maritime sector, Asia Insurance Review reports.

Insurers and brokers must seek "mutually beneficial solutions" in order to build "an economically viable and sustainable partnership with the shipping sector," said Mr. Hamann. Asia is home to nine of the world's 10 busiest ports and it accounts for about 90% of the global order book with respect to tonnage, Mr. Hamann said.

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Asia: Marine insurance growth not in pace with maritime sector, says QBE official

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