Coastal Marine’s Broker Market Meeting

Highlights from Coastal Marine’s Broker Market Meeting 2025

NEWS | May 2025

Coastal Marine hosted a successful Market Meeting with our valued brokers from across the country last May 21st at the Grand Millennium KL. The event brought together professionals who play a critical role in ensuring that marine insurance remains robust, responsive, and relevant in today’s ever-changing landscape.

This year’s Market Meeting was designed to strengthen partnerships with our local brokers, share insights, and deepen mutual understanding of the marine insurance industry. Adding to the spirit of collaboration and national pride, many attendees donned traditional batik, bringing a warm cultural touch to the gathering and reinforcing the sense of shared identity and community.

Highlights from Coastal Marine’s Broker Market Meeting 2025
Highlights from Coastal Marine’s Broker Market Meeting 2025 1
Highlights from Coastal Marine’s Broker Market Meeting 2025 2
Highlights from Coastal Marine’s Broker Market Meeting 2025 3
Photos from Coastal Marine's Market Meeting 2025 (May 21, 2025)

The sessions were carefully designed to be both informative and insightful, covering essential topics that form the backbone of marine underwriting and claims. Highlights included:

 

The 330+ Year Legacy of Lloyd’s of London

We explored the long and rich history of the world’s most renowned insurance market, tracing how Lloyd’s has shaped the global insurance industry and continues to lead in specialty coverage.

Understanding the Marine Insurance Act of 1906

We revisited the fundamentals of marine insurance and unpacked why the 1906 Act still matters today.

Shipbuilding & Classification Societies

The role of class in shipbuilding was thoroughly examined, highlighting how classification standards underpin vessel safety and insurance eligibility.

Vessel Types and Associated Risks

From bulk carriers to tankers and container ships, we discussed how vessel types differ in risk exposure and the importance of tailored underwriting approaches.

Hull and Machinery Underwriting & Rating

A look into the intricacies of underwriting and rating methodologies that determine coverage and premiums for H&M policies.

Institute Time Clauses in Claims Handling

Practical case studies illustrated how the Institute Time Clauses come into play during Hull and Machinery claims, reinforcing the importance of clarity in contract wordings.

 

This market meeting reaffirmed our conviction in collaboration and shared expertise as key drivers of industry progress. By bringing brokers into the room, we strengthen professional ties and also build a more resilient and informed insurance market.

Coastal Marine commits to supporting our broker network with regular updates, technical learning sessions, and open dialogue. We are grateful for your participation — and for showing up in batik with such enthusiasm — and we look forward to more opportunities to gather.

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