As the maritime industry faces increasing pressure to reduce carbon emissions and align with global sustainability targets, AXA XL's EEI offers a unique insurance solution. Their new product is designed to cover the additional carbon emissions that result from fortuitous events like course deviations to a port of refuge or repairs, by providing indemnity in the form of voluntary carbon credits.

We will explore how this insurance product integrates with traditional marine insurance offerings, the process of calculating and verifying carbon credits, and the impact of regulatory changes on the demand for EEI. Hanna will also share insights into the challenges and future developments in the field of carbon offsetting within the shipping industry.