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International Casualty Piracy and Security

Allianz ship total losses plunge to record low

Latest figure marks a reduction of more than half from the 98 seen in 2017, and was driven by a significant fall in hotspots around the world and lower weather-related losses after a quieter year of hurricane and typhoon activity. Asia however remains a cluster with one in four losses occurring there

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The overall number of reported shipping incidents was almost flat at 2,698 in 2018, with machinery damage the leading cause, accounting for more than $1bn in marine insurance claims in five years

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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