ALLEVIATE THE PRESSURE ON PROFITABILITY AND ACHIEVE REAL GROWTH AMID MARKET UNCERTAINTIES
The ongoing global uncertainties, both politically and economically, geopolitical tensions, the climate crisis, new environmental regulations, changing trade patterns, cyber-attacks, decarbonization of the shipping industry, automation technologies, among many others, will have fundamental impacts on our lives. In that respect, preparedness remains a key concern. How to address these issues and how to adjust to this new reality have become the crucial questions for every industry to be better prepared to manage the unprecedented risks.
Ships and ports are the arteries of the global economy. Around 85% of the global trade is carried by sea, and billions of tons of cargo ships are being moved every year across oceans and seas by having a massive impact on the global economy. Container and dry bulk ships carry much of the global consumer goods, food, and commodities. Managing the risks of these operations is very complex, and the marine insurance industry plays a prominent role. However, in recent years, we are seeing a significant number of marine insurers pulling out of hull or cargo insurance business, or even marine underwriting altogether. A modest increase, as opposed to any real market growth in global marine underwriting premiums, prompts concerns to achieve an upturn in the fortunes of the industry.
The insurers need to comprehend to what extend the marine underwriting might have returned to the profitability and achieve real growth amid market uncertainties. The Marine Insurance Summit aims to provide cutting-edge market intelligence, and help decision makers take sound evaluation of these emerging trends. It will enable to identify and analyze the market opportunities, risk factors, and mitigation strategies for various companies in the global marine insurance industry. The attendees will gain insights and a competitive advantage through comprehensive presentations, workshops, interactive sessions, group discussions, case studies, interviews, and 2-full days business networking.