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Strategic Considerations


Technology in transportation is outpacing the marine insurance industry’s ability to deal with a loss involving the new generation of supersize vessels.


“We need to think about losses that have not yet occurred a lot more and price for that so we can still be in business for the next big, unexpected, unintended loss.”


Robert Huffert, Munich Re America


Shipowners, underwriters and brokers must be preparing today for tomorrow’s potential losses. The industry’s ability to respond to a large vessel casualty has yet to be tested. The changes taking place in the marine market demand a high degree of specialization and sophisticated analysis of exposure involving high valued vessels carrying unprecedented amounts of high-value cargo.


Copyright © 2011 by A.M. Best Company, Inc. All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.


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