Your essential snapshot of the global marine insurance market
The latest IUMI Stats Report is out now, revealing a stable 2024 for hull and cargo insurance – but mounting challenges ahead for all marine markets as we head through 2025 and beyond.
Key findings include:
- Global premiums hit USD 39.92bn, up 1.5% — with hull and cargo steady, but offshore energy sliding nearly 8%.
- Hull premiums rise 3.5% to USD 9.67bn, driven by growing fleets and vessel values.
- Cargo premiums reach USD 22.64bn, up 1.6%, with China leading growth and loss ratios improving for the sixth straight year.
- Offshore energy dips 7.9% to USD 4.34bn, pressured by low oil prices, sanctions and decarbonisation demands.
This year’s report also gives insights from IUMI’s Major Claims Database and introduces the enhanced Hull Inflation Index — a powerful new tool to track marine repair cost inflation.
Stay informed – download the IUMI Stats Report 2025 today https://iumi.com/statistics/iumi-stats-report-2025/
