Marine insurers are implementing rate increases for 2025, driven by rising claims costs and inflation, impacting the industry’s financial stability. The American Steamship Owners Mutual Protection and Indemnity Association announced a 7% increase in risk pricing, while the Swedish Club and the London Club have opted for 5% increases, citing higher-severity claims and economic uncertainties. These adjustments come as claims severity has outpaced initial estimates, leading insurers to maintain conservative margins. Overall, the marine insurance sector is adjusting to a volatile landscape characterized by geopolitical tensions and an increase in large claims.