Cargo insurance rates unsustainable despite premium growth, says IUMI’s Dalton
Cargo insurance rates remain unsustainably low, despite premium growth last year and anecdotal and research evidence of hardening rates in the year to date, the head of IUMI’s cargo committee argues
‘Underwriting the exposures means pricing your exposures to a risk-adequate level, and the results would indicate this hasn’t happened on a global basis. You don’t need an algorithm to figure that out,’ Sean Dalton maintains