IUMI presents improving picture

The International Union of Marine Insurers (IUMI) has released its 2023 analysis of the global marine insurance market - the IUMI Stats Report. It said: "Overall, marine insurance results do appear to indicate positive growth which is welcomed after a prolonged period of negative returns. Inflation has fallen slightly which is also positive but interest rates remain high and consumer confidence is slowly recovering post-pandemic." Highlights from this year's report include: