Freight insurance has become more important for shippers given increased geopolitical, environmental, economic and emerging risks facing supply chains. In this Talking Transports podcast, Shannon Schmidt, Nacora International Insurance Brokers’ president of North America, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share her insights on an often overlooked part of international trade. The global marine cargo insurance market is expected to grow at a compounded annual growth rate of 5.9% to $34 billion between 2024-32, according to Astute Analytica. Schmidt breaks down the insurance implications of the crisis in the Red Sea and the collapse of Baltimore’s Frances Scott Key Bridge in March. Nacora is a division of freight forwarder Kuehne + Nagel.

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