Expert Risk Articles

Recent Developments: 2015 in Review

Safety, loss incidents, geopolitical unease – 2015 was an interesting year. Passenger vessel safety, as well as enhanced ship-building standards, impacts of lower oil prices on safe sailing, car-carrier stability and other concerns led to industry changes. Seafarer shortage, fatigue and training issues are becoming more of a concern to shipping. Geopolitical unrest reminded us that war insurance is a stop-gap, not a fallback.