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Decreasing marine loss experience in 2020

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Magazine Issue: 
The insurance market consolidation in view of the post-Covid-19 [3]
Magazine date: 
Jul 2021

marineAccording to the "Safety and Shipping Review 2021" report, published by Allianz Global Corporate & Specialty (AGCS), marine loss experience is still declining in 2020.

A total of 49 vessels weighing more than 100 tons were reported missing in 2020, a figure more or less similar to the one recorded in 2019 (48) and a 50% decrease over ten years. The total number of marine claims drops from 2 818 in 2019 to 2 703 in 2020, representing a 4% decline.

With one third of the total losses in 2020, South China, Indochina, Indonesia and the Philippines are the most affected areas in the world.

Wed, 11/08/2021 - 11:43

Source URL: https://www.atlas-mag.net/en/article/marine-loss-experience-drops-in-2020

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