Global Claims Trends to Watch in Marine Insurance

Global claims trend in marine insurance is all-time high this year. Compared to the past decade, the total losses in maritime accidents have shown an increase of more than 50%. Fire and explosion incidents have taken the top spot when it comes to marine losses, as compared to other incidents such as sinking, collision, etc. in a marine insurance policy. Here are a few key factors that are responsible for the global claims trend in Marine Insurance.

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