Marine premiums are rising, but what lies beneath the growth? IUMI’s annual Stats Report helps insurers assess competitive pressures, claims trends and the changing risks shaping global trade and shipping.

Rising premiums do not necessarily signal a stronger marine insurance market. IUMI’s annual Stats Report explains why insurers need to look beyond headline growth to understand the pressures shaping performance.

Global marine premiums reached USD 42.6 billion in 2025, up 5.5 per cent. However, US dollar weakness influenced reported growth, while increased capacity and competition sustained soft market conditions. For insurers assessing pricing and portfolio strategy, that distinction matters.

Drawing on national insurance associations and data partners, the report examines cargo, ocean hull and offshore energy insurance within the context of global trade, shipping and economic conditions. It explores how fleet expansion, vessel values, high-value technology exports and geopolitical tensions are changing exposures and demand for cover.

Claims insights add another dimension. Although no single catastrophic loss significantly affected an individual sector, accumulating attritional claims continued to pressure profitability. The Major Claims Database now includes 7,200 cargo observations, representing USD 11.4 billion in cumulative losses.

Insurers can also examine IUMI’s revised Hull Inflation Index to understand marine repair cost inflation.

If you need a better understanding of the evidence and context needed to inform underwriting discussions, this report will help you benchmark market developments and challenge assumptions about where growth, risk and profitability are heading across the marine insurance sector.

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