Shift to local underwriters in marine insurance

An MSC Langsarcargo ship unloading containers at the port of Mombasa on November 18, 2024.

Photo credit: Kevin Odit | Nation Media Group

The World Economic Forum estimates that 90 percent of goods transported around the globe pass through the seas. Marine transport is therefore undoubtedly the backbone of global trade.

Closer home, the Port of Mombasa handled over 41.1 million tonnes of goods in 2024 alone, marking a 14.2 percent rise from the preceding year. This not only underscores the crucial role of the port as an economic enabler within the Eastern and Central Africa region, but also the significant reliance on maritime transport in this region.

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