Trade Risk Guaranty explains the what an insurance hard market is and why premiums are going up.

[Webinar] Why Are You Paying More For Cargo Insurance?

In a new installment of our educational webinar series, Trade Risk Guaranty explains why importers and currently paying more for cargo insurance and what caused the hard insurance market.

Over the course of the past year, insurance premiums have been on the rise. The increases started in 2019, have continued into 2020, and are expected to hold steady in 2021. But why? There is actually a very clear cause and effect relationship that explains the current state of insurance.

In order to clarify the confusion, TRG hosted a webinar explaining the transition into a hard insurance market and why you are ultimately paying more for cargo insurance. The presentation covers the following topics:

  • What is a Hard Insurance Market?
  • What Lines of Insurance have been Impacted?
  • What Can You Do to Lower Your Premium?

Although it can be frustrating, understanding the cause of the increase in premiums can help you better prepare for the expense and take steps to secure the best premium available for your company. If you have any questions after the webinar, feel free to leave a comment on our YouTube channel or send us an email at askanexpert@traderiskguaranty.com.

Watch the Full Webinar to Discover Why You Are Paying More for Cargo Insurance

Watch the full webinar below to learn about the current state of the hard insurance market and what has caused it over the past few years.

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Get access to TRG's full library of free resources for U.S. Importers in the Resource Hub.

Hard MarketMarine Cargo InsuranceWebinar

Meredith Lambert • May 29, 2020


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