Marine insurance to navigate choppy waters
How geopolitical tension, supply-chain bottlenecks, climate-driven weather extremes and surging regulatory oversight are making marine insurance challenging is the focus of the latest Insurance Post Podcast.
David Smith, head of marine at McGill and Partners; Mike Yarwood, managing director of loss prevention at TT Club; and Paul Western, head of hull underwriting and senior underwriter for war at Markel International, explain how insurers, brokers and loss-prevention specialists are being pushed to rethink risk modelling, invest in new technology, and build resilience at a time when global waters are particularly choppy.
The podcast, recorded before the US-Israeli war on Iran began, ends with the trio sharing their perspectives on why the sector's past suggests the future of marine insurance looks rosy.
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