During the IUMI 2023 Conference, Russell Group hosted a roundtable with Emerging Risks
The marine cargo market has been urged to adopt a market-wide, industry-approved dataset to help manage the spectre of port accumulation exposure.
The clarion call was made by participants at the Emerging Risks/Russell Group Roundtable at the International Union of Marine Insurance annual conference in Edinburgh.
Discussing the question “Does the cargo market have a handle on port accumulations?”, those at the Roundtable were unanimous in their assessment that port accumulation exposure has grown considerably in recent year, with vessels, infrastructure and transit all part of a growing exposure at world ports which is insufficiently understood by the cargo market.
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