🚀 Challenges for Oil Tanker Operators Amid Middle East Developments
#OilTankerOperators #MiddleEastDevelopments #CrudeSupply #RefineryCosts #InsuranceCoverage #MarineInsurance #PandIinsurance #OceanMarineBusiness #MarinePremiums #FinancialCosts
Recent developments in the Middle East, coupled with shifts in crude supply affecting refinery costs, are presenting increased challenges for oil tanker operators. FactSet posted on X that these challenges are impacting the financial costs faced by oil-tanker owners due to the various lines of insurance coverage they purchase.
The analysis highlights the layers of marine coverage, with protection and indemnity (P&I) insurance being the largest exposure for insurers. Additionally, it examines the market share of insurance companies providing ocean-marine business, based on ocean-marine premiums reported in statutory financials.
Guidelines are also provided for researching marine premiums using footnotes in statutory financial statements.#OilTankerOperators #MiddleEastDevelopments #CrudeSupply #RefineryCosts #InsuranceCoverage #MarineInsurance #PandIinsurance #OceanMarineBusiness #MarinePremiums #FinancialCosts