Marine insurance is another variant of the general term ‘insurance’ and as the name suggests is provided to ships, boats and most importantly, the cargo that is carried in them.
The word “Underwriting” refers to protecting by way of insurance. Marine underwriting refers to providing marine insurance to the necessary clients. In today’s highly complex marine business, it is very important to have marine underwriting service.
The subject of Marine Insurance is very wide and encompassing, which is why there is a definite categorization of various types of marine insurance and different types of marine insurance policies.
With the increase in piracy activities around the world, it is necessary that every seafarer gets himself insured with an appropriate marine insurance policy. Know more about marine insurance for piracy attacks inside the article.
Marine insurance brokers are the best possible guides to explain numerous marine insurance policies helping the ship owners to come to best possible decision
Marine insurance is a very important aspect that ship owners have to consider. In the absence of marine insurance, ship owners could incur not just loss to their ships but could also face financial losses in case if the ship is commercially used as cargo-carriers.
The platform launches in collaboration with A.P. Møller-Maersk A/S, ACORD, Microsoft, MS Amlin, Willis Towers Watson and XL Catlin and after a 20-week proof of concept.