— PRODUCT

Marine, Hull & Cargo

Marine Insurance Designed for your Needs

As the shipping world continues to contend with rapid industry change such as oversupply and reducing demand, increasing regulation and security concerns, the risk challenge of protecting ships and associated maritime infrastructure continues to grow.

Serving maritime industries including offshore, logistics, ports and terminals, cruise and passenger, bulk and commodity traders and marine construction, we are experts in marine insurance solutions both locally and globally.

Our marine practice group in Asia has industry leading knowledge and experience to advise on all marine related risk, as well as market relationships with insurers all over the world. Lockton has a truly global team of experts located in all major insurance and shipping hubs.

Cargo and transit

Professional carriers and goods in transit carriers
Goods in transit - single and annual policies

Liability

Comprehensive general liabilities, including contractual liability
Terminal operators’ liabilities
Ship repairers’ liability
Transport / logistics / freight forwarders’ liabilities
Professional liability
Excess marine liabilities
Portfolio marine liability reinsurance risks
Special risks

Hull

Hull and machinery
Increased value, freight, and anticipated owners’ interest
War and terrorism, kidnap and ransom
Loss of hire and loss of revenue
Construction and builders’ risks
Mortgagees’ interest and mortgagees’ additional perils
Super yacht insurance

Protection and indemnity

Mutual and fixed premium cover
Charterers’ liability, including damage to hull and bunkers
Specialist operations, salvage operations and towage
Mutual club exclusion buy backs (non-poolable risks)
Liabilities arising from ownership or custody of cargo

Key Contacts - Marine Greater China

Alan Wu

Senior Vice President, Marine, Specialty & Reinsurance - Greater China
alan.wu@lockton.com

Lin Xiaojun - Senior Partner - Greater China
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Xiaojun Lin

Senior Partner - Greater China
xiaojun.lin@lockton.com
+852 2250 2878

Get in touch

enquiry.asia@lockton.com

Latest News & Insights

Optimize Employee Healthcare Plans with IPMI Solutions
Providing comprehensive healthcare coverage for employees is a top priority for businesses, yet rising healthcare costs and inflation pose significant challenges. Companies across Asia are feeling the pressure from increasing healthcare expenses driven by higher labor, equipment, and medicine costs. However, with the right strategies, businesses can leverage global healthcare solutions like International Private Medical Insurance (IPMI) to manage costs effectively without compromising essential benefits.
IPMI stands out as an exceptional option for enhancing benefits for top global talent, expatriates, and frequent travelers. This insurance ensures seamless access to medical facilities across multiple countries, allowing individuals to receive necessary care wherever they are in the world. HR leaders can evaluate the advantages of IPMI alongside local health insurance plans to choose the best option for their organization.
Here are five strategies for HR leaders in Asia to optimize employee healthcare plans and reduce costs without sacrificing quality:

Evaluate and Refresh Your Current Plan: Regularly review healthcare policies to ensure they remain competitive and aligned with evolving employee needs. Offering global healthcare options like IPMI can attract and retain top talent.

Consider Switching Providers: Take advantage of the competitive healthcare insurance market in Asia by exploring alternative insurers. Negotiate special rates for IPMI policies while ensuring local employees are covered through cost-effective plans.

Analyze Claims Data for Cost Drivers: Identify patterns in claims data to uncover cost drivers. Educate employees on appropriate coverage use to reduce unnecessary claims and optimize IPMI utilization.

Invest in a Wellness Program: Encourage healthier lifestyles through wellness initiatives, which can lower healthcare costs and improve employee productivity and satisfaction. Complement IPMI benefits with programs that promote overall wellbeing.

Partner with a Trusted, Client-Focused Broker: Navigate complex insurance options by partnering with an experienced broker. They can help optimize healthcare strategies, ensuring compliance and providing support for claims management and wellness program implementation.

At Lockton, we understand the challenges businesses face in managing healthcare costs while delivering high-quality benefits. By integrating customized healthcare plans with optional IPMI enhancements for mobile and international employees, we help companies develop cost-effective solutions that cater to their diverse workforce needs.

5 Proven Strategies to Reduce Employee Healthcare Costs Without Compromising Benefits

5 Proven Strategies to Reduce Employee Healthcare Costs Without Compromising Benefits Affordable IPMI plans for expatriates and frequently traveling employees in Asia are possible — if you know where to look. Cost effective IPMI solutions for HR departments, i ...

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