This session provides a critical assessment of the global hull insurance market amidst heightened volatility and structural change, with a focus on the ripple effects for liability exposures and the P&I market. Panellists will examine whether current hull pricing, terms and capacity adequately reflect emerging risks that may give rise to liability claims, including collisions, cargo damage and environmental incidents.

Discussion will also cover how shifts in policy exclusions, warranty obligations and underwriting discipline influence potential P&I exposures, and how gaps or ambiguities in hull cover can trigger claims that fall back on P&I clubs. Attendees will gain insight into how evolving hull market dynamics interact with liability coverage, and the implications for both shipowners’ risk management strategies and P&I underwriting in a complex and rapidly changing maritime environment.