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sigma 4/2013 - Navigating recent developments in marine and airline insurance

In 2012, global marine and aviation insurance premiums were about USD 44 billion, double the level a decade earlier. Advances in safety have reduced the frequency of large claims and supported improved underwriting performance in transport insurance. However, sector-wide underwriting profits have remained weak, albeit with considerable variation across insurers. The latest sigma reviews recent developments in the marine and airline insurance markets.