As the size of container ships gets larger and larger, the concentration of risk they project – both in terms of hull value and in terms of the total amount of cargo they carry – has reached unprecedented levels. This is especially worrying for insurers, who might find multiple policyholders' cargo traveling on the same ship, suddenly aggregating potential losses.
|As insurers and risk managers innovate ways to manage risk aggregation, let's take a look at the size of container ships themselves. How big are they now, and how much bigger are they likely to get?
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