The International Union of Marine Insurance (IUMI) has released findings indicating that the global marine cargo insurance market softened throughout 2025. This trend occurred even as the total premium base for cargo insurance continued to expand. The latest research from IUMI shows that global cargo premiums reached USD 24.2 billion in 2025, which represents a 6.9% increase compared to the previous year.
For freight forwarders and shippers, this softening market suggests a more competitive environment for securing cargo insurance. While the overall premium volume grew, the softening indicates that insurers may be offering more favorable terms or lower rates due to increased competition or a perceived reduction in risk. This could translate into cost savings for businesses involved in international trade, allowing them to optimize their logistics budgets. However, it is crucial for forwarders to carefully review policy terms and coverage details, as a softening market might also lead to reduced scope of coverage in some instances.
