Hull premiums drop, but risk profile suggests signs of life
International Union of Marine Insurance | September 24, 2018
While global hull premium income declined by 2.3%, the sector’s general risk profile and trading conditions are showing signs of improvement, according to the International Union of Marine Insurance (IUMI). During the organization’s annual conference in Cape Town, South Africa last week, Mark Edmondson chair of the Ocean Hull Committee, said that amid volatility and uncertainty in many sectors remaining a pressing concern, the international market is faring better this year.