The market is changing and it is imperative that industry stakeholders understand how and why in order to protect the interests of superyacht UBOs…
More often than not, insurance, be it superyacht or otherwise, is seen as a necessary evil. That is, of course, until there is an incident, at which point your insurer quickly becomes your best friend. In recent years, the superyacht insurance market has gone through a significant period of change. After an unprecedented period of downward market pressure and race-to-the-bottom premiums, the market has begun to harden and premiums are on the rise.
On day two of The Superyacht Forum 2019, in a workshop called “State of the Insurance Market”, a panel of underwriters and brokers will explore how and why the market is changing and the challenges lying ahead for asset management and evolving usage habits.
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