Is Your Marine Insurance Keeping Pace with Today’s Risks?

In today’s logistics environment, marine insurance is no longer optional, it’s a core pillar of business continuity. Global trade volumes are expected to grow by over 2% in 2026, but so are the risks. The Red Sea shipping crisis alone diverted over $200 billion worth of cargo in just one quarter, triggering war-risk premium hikes of up to 0.7% of vessel value.

What’s more concerning is underinsurance. As cargo values increase and regional routes face disruption, many businesses haven’t updated their coverage. A single container today can hold up to $50 million in goods, but we are still seeing outdated policies based on valuations that are no longer relevant.

For Middle Eastern operators, the risks are layered from port delays and regulatory shifts to geopolitical exposures that impact maritime corridors. Without adequate marine insurance, even minor incidents can lead to major financial strain.

Wide Plains Insurance Brokers helps companies reassess their coverage, mitigate blind spots, and protect what’s in motion and on paper.

Book a consultation to review your marine portfolio:

Email:  [email protected]
Phone: 04 711 424 / 5
Mobile: 76 555 193