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Marine insurance premium volumes set to fall, IUMI head warns

Aggregate gross written premiums for marine insurance, currently around $29bn, are set to fall in proportion with a likely downturn in world trade in the wake of the coronavirus crisis, the president of IUMI has warned

‘All things taken together indicate to me — and it’s just a personal opinion — that we’ll see a dip. Maybe a dip this year and a dip next year, which will bounce back in years to come.’ — IUMI president Richard Turner

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