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IUMI Stats Report 2020: Third edition with many highlights
The IUMI Stats Report 2020 is the third in a series of annual reports launched in 2018. It presents a range of statistical data from a variety of sources, including IUMI’s own data, to provide an insight into the marine insurance market within the context of global trade and shipping. Working with a number of valued partners, the IUMI Facts and Figures Committee has produced this year’s statistical analysis which also includes opinion.
IUMI collects data on global marine premiums which is presented alongside loss ratios, claims and other data. The coronavirus pandemic has significantly impacted trade, shipping, commodity prices and consumer activity which in turn, means the outlook for marine insurance is far from certain. Despite this challenge, the analysis indicates the beginnings of a modest market recovery in most business lines.