International shipping transports approximately 90% of worldtrade, so the safety of vessels is critical to the global economy.The good news is we continue to see improvements in maritimesafety.

Large shipping losses have declined by 50% over the past decade,mostly driven by the development of a more robust safetyenvironment by ship owners, according to Allianz GlobalCorporate & Specialty SE's (AGCS) fifth annual Safety & Shipping Review 2017.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.