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International

Ukraine war, energy crisis threaten marine insurance market

September 22, 2022 Reprints

According to the International Union of Marine Insurance, the global marine insurance market faces several challenges this year due to the Ukraine-Russia war, energy crisis, climate change and COVID-19 disruptions, Hellenic Shipping News Worldwide reported. Global marine insurance premiums surged to $33 billion in 2021 as the sector benefitted from a tentative recovery from the COVID-19 induced challenges and a claims slowdown alongside premium rate hikes.

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Ukraine war, energy crisis threaten marine insurance market

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