In a year marked by flat renewals and a generally stable market environment, the marine insurance industry faces unique challenges and opportunities. As conflicts in regions like the Middle East and the Black Sea continue to impact shipping routes, the need for robust coverage becomes increasingly evident. Against this backdrop, the marine insurance landscape is experiencing a transformative shift with the introduction of automatic and algorithmic follow capacity.

At Gallagher Specialty, we've been actively utilising our own automatic follow capacity solutions, recognising the long-term benefits for our clients. This innovative approach, leveraging technology, AI, and data, streamlines the syndicated participation process while maintaining the crucial expertise of leaders.

The marine insurance market, often seen as resistant to change, is adapting to drive efficiency and enhance the overall client experience. As we delve into this evolving landscape in our latest market update, we explore how technology is reshaping follow market capacity, examining its potential benefits and addressing the challenges associated with its rapid integration.

The future of marine insurance is indeed on the move, and at Gallagher Specialty, we're not just on board; we're driving change for a more efficient and client-focused industry. Download the full market update for further insight.