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Why it is high time to reinvent underwriting's wobbly wheel.
(From Lloyds List)
Byline: Jonathan Jones calls for a radical change to a more hands on approach to the sector which actively supports the shipping industry
AS IS well known, to understand the future we must to a certain degree understand the past.
Marine insurance has a long history, which can be viewed as both its strength and its weakness.
It can be confusing for all concerned, whether it be underwriters and their managers, banks, regulatory authorities, state and port authorities, actuaries, rating agencies, lawyers and maybe especially to many of the end users.
Should the business be less confusing, more straightforward? ...
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