Around 90% of world trade relies on sea transport and effective risk management for the shipowners and facilities that carry it out.
The Shipping and Maritime Industries team can provide solutions to help protect the critical infrastructure of world trade and advise how to minimize exposure to risk at each key stage.
Consequently, our role as your risk advisor and insurance broker involves much more than the placement and servicing of insurance policies and the collection of claims.
Our service philosophy is designed to add value to any client relationship. This is relevant across all our markets, where a positive relationship between you and marine insurers is invaluable, in both service and financial terms.
The holistic approach to the industry and its needs is not limited to risk and insurance, we are proud to be active supporters of seafaring communities globally.
With talent drawn from across the shipping industry and hundreds of combined years of shipping insurance experience, our team supports clients in three main areas:
- Hull & Machinery (H&M): From vessel building, to launch, from trading to scrapping, the team delivers innovative solutions for shipowners' most important assets, their vessels.
- Protection and Indemnity (P&I): The dedicated P&I broking team in London handles over 600 separate entries with a premium volume in excess of $650+ million into the P&I club market annually.
- Marine Liabilities (Special Risks): Insurance solutions for a wide range of marine related risks and operations, from ports and terminals, shipyards to contractual and marine third party liabilities.
From crisis management expenses, loss of income due to business interruption, to fines by industry regulators, a cyber incident can lead to significant financial and long-term reputational damage.
Disclaimer
WTW offers insurance-related services through its appropriately licensed and authorised companies in each country in which WTW operates. For further authorisation and regulatory details about our WTW legal entities, operating in your country, please refer to our WTW website. It is a regulatory requirement for us to consider our local licensing requirements.
