Increase in the number of marine incidents

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Covid-19, the real big crash test for insurers [3]

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Jul 2023

Furthermore, according to Allianz Global Corporate & Specialty's 2023 report, 3032 marine incidents were reported in 2022. The maritime areas with the highest number of claims were, in descending order, the British Isles, with 22% of claims, or 679 incidents followed by the Eastern Mediterranean-Black Sea and Asia (South China Sea, Indochina, Indonesia and the Philippines).

marine incidents In 2022, ship breakage and machine breakdowns accounted for almost one in two incidents worldwide (1478). Collisions (280) and fires/explosions (209) ranked second and third respectively.

Over a longer period, the decade from 2013 to 2022, the Eastern Mediterranean and Black Sea region reported the highest number of marine incidents, at 4 763 out of a total of 27 477.

With 10 753 accidents, breakage or machinery breakdowns accounted for the majority of incidents between 2013 and 2022. Other incidents included collisions (3098), groundings (2936), collisions (1980) and acts of piracy (1980).

Losses by marine area (by number of incidents)

	Year 2022	2013-2022 period
The British Isles	679	4 938
Eastern Mediterranean and Black Sea	584	4 969
South China Sea, Indochina, Indonesia and the Philippines	242	2 598
Western Mediterranean	191	1 208
The Great Lakes	186	1 529
North American west coast	148	1 156
Iceland and Northern Norway	138	1 136
The Baltic Sea	119	1 433
Newfoundland, Canada	108	NA
Japan, Korea and North China	88	1 255
West African coast	NA	911
Other regions	549	6 344
Total	3 032	27 477

NA: Not Available
Source: AGCS, Safety and shipping review 2023

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