IUMI’s annual Stats Report highlights modest market development amid continued soft conditions across all main business lines

This annual document reports on the state of the marine insurance sector within the framework of the global economy, trade and shipping. Data is collected from a wide range of national insurance associations and other agencies including IUMI’s own sources and is collated, analysed and presented with additional context and commentary.

• Global marine insurance premiums reached USD 42.6 billion in 2025, up 5.5 percent on 2024. However, US dollar weakness masked any underlying market development while increased capacity and competition continued to drive soft market conditions.

• Marine cargo premiums were reported as USD 24.2 billion, up 6.9 percent year-on-year, supported by seaborne trade and asset and commodity price movements. Chinese premiums continued to grow strongly, driven by high-value exports including AI-related technology. Despite improving loss ratios, the market remained soft.

• Ocean hull premiums increased 9.4 percent to USD 10.5 billion, encouraged by global fleet growth, higher vessel values and war premiums. Fleet growth continued to outpace premium growth indicating continued competitive pressure although loss ratios appear to have normalised.

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