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Annual Outlook Insurance International

Marine insurance: No respite for owners on hardening rates

It is already known that P&I premiums will be 10% higher in 2023, with H&M premiums likely to rise by the same sort of amount — and war risk responding to developments on the battlefield in Ukraine

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This time, the alibi for the rate increases is inflation. Rocketing costs for labour and steel are making it more expensive to foot the bills for repair yard work

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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