Feature

An EVolving issue: rise of EVs presents an insurance challenge for the Ro-ro fleet

Fires involving Li-ion batteries are more dangerous and can lead to huge losses - and the insurance and shipping sectors are grappling how to deal with the issue.

By Sergio Held

July 21, 2023

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9 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.