Leading figures in maritime insurance are beginning to reimagine how they can serve an industry hit by the Covid-19 pandemic.

And one major shake-up could be a move away from annual policies for shipowners.

During sustainable shipping pressure group Global Maritime Forum (GMF)'s Virtual High-Level Meeting, Marcus Baker, global head of marine and cargo at Marsh JLT Specialty, was asked whether insurance can be a force for change, or just another expense for shipping companies.