Insurance

Marine insurance is one of the oldest insurances in the world. Modern marine insurance originated from Lloyd's in Britain and developed with the growth of modern international shipping industry. Marine insurance can ensure the stable operation of shipping participants, reduce transport costs, thus ensuring and promoting the development of modern international shipping industry, and also create conditions for the development of international trade.

Affected by geography, ocean, weather and human factors, maritime transport and trade risks are very high. In the event of a maritime accident occurring to the ship and cargo during the voyage, according to international practice, the insurance company will handle the cargo, freight and other related loss compensation business. Marine insurance is an effective transfer channel of marine special risks, which can effectively guarantee the normal operation of the international shipping industry and plays a fundamental role in ensuring the international shipping industry.