Allianz’s annual Safety & Shipping Review has over recent years become a valuable and clear-sighted barometer of the state of the industry, and a moment to pause and take stock.

The global insurance giant’s marine team by inclination takes an objective and data-fuelled approach that successfully strips out much of the subjective emotional baggage that often clouds the issue.

Last year, Allianz highlighted that while losses were lower overall, there were additional risks that new technology will bring to shipping operations, and the unforeseen consequences that may trigger new types of casualties.