UK still long-term hotspot for shipping incidents

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The British Isles, North Sea, English Channel and Bay of Biscay region is the area that has seen the most shipping casualties since 2006, according to Allianz Global Corporate and Specialty, despite total losses in the British Isles being down year-on-year in 2015.

AGCS's fourth annual Safety and Shipping Review 2016, which analyses reported shipping losses over 100 gross tonnes, showed shipping losses continued their long-term downward trend with 85 total

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.