JLT Risk Solutions (UK) published the first series of articles discussing new concepts in insurance and considering ways in which they might be of assistance to the marine industry.

The world of financial services is in the midst of a restructuring which it has not witnessed since the days of deregulation in the late 1980’s. At the front of this change is the rapid blurring of the traditional boundaries between banking and insurance. For marine insurance it means that the traditional areas of physical loss and liability insurance are starting to be complimented by a new range of marine financial products offered by carriers who, whilst not particularly well known in marine circle, have a strong pedigree in their respective fields. These products are designed chiefly to mitigate political risk, credit risk and residual asset risk. JLT are pleased to advise that their Marine Division is at the very forefront of their development.