Saturday, February 8, 2025

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Growth in captives writing marine as strong data mitigating risk

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  • Short-tail risk makes marine suitable for captive utilisation
  • Captives owned by multinational firms most commonly writing marine
  • Captives used more frequently as companies look towards greener fuel sources

There has been a growth in the number of captive owners looking a utilising their captives to write marine insurance with the availability of accurate data reducing the unpredictability of the risk.

There are several different types of marine insurance available on the market, with marine cargo being the most frequently purchased, covering the loss or damage of goods.

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