Mismatch between premiums, risks could hit insurers' profitability

Posted On: Sep. 19, 2018 5:59 AM CST

Germany-based International Union of Marine Insurance said that a mismatch between insurance premium income and covered risks could hamper marine insurers' profitability despite a rise in global marine premiums, The Maritime Executive reported. Marine premiums totaled $28.5 billion in 2017, up 2% from 2016.