Insurance market in maritime business. Profitable and with growth prospects until 2030

By Marek Grzybowski:

Taking into account inflation and changes in the global energy and food supply chains, as well as the increase in the value of fleets, it is concluded that the insurance market will grow even more than 6% annually.

Some shipowners extend the life of oil tankers and bulk carriers and introduce ships under new registers. Others do not hide the fact that they transport strategic resources in new logistics services. The offshore energy market is also growing dynamically, and with it revenues from contributions from installations, ships and crews.

Insurance company sales in the shipping market reached $33 billion in 2021. premium sales are likely to exceed $35 billion in 2022. At this growth rate, in 2030 premium revenues from companies operating in maritime industries could approach $50 billion.

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