Lloyd’s of London, for centuries the world’s dominant marine insurer, continues to witness sharp decline in premium volumes as lines on graph now cross with Asian economic giant.[1] China is now the world’s second-largest provider of hull insurance, after overtaking Lloyd’s on market share, the International Union of Marine Insurance (IUMI) has confirmed.
China, which has seen its slice of the pie grow slowly but steadily in recent years, recorded a 12.4% share of 2020 global aggregate hull pre
