Stay informed with the latest developments in marine insurance, market updates, and expert analysis.
Protection & Indemnity Clubs have announced premium increases for the February 20, 2026 renewal. The International Group clubs report continued claims inflation and rising reinsurance costs driving the increases.
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War-risk premiums in the Persian Gulf have surged by more than 500% following ongoing regional tensions. Vessels transiting the area face significantly increased insurance costs and coverage restrictions.
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IMO's new Net-Zero Framework will take effect in 2027, introducing mandatory emissions reduction targets and carbon pricing mechanisms for the shipping industry.
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The Joint War Committee at Lloyd's maintains listed areas requiring additional war risk premiums. Current designations include the Red Sea, Gulf of Aden, and Strait of Hormuz.
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