As the size of container ships gets larger and larger, the concentration of risk they project – both in terms of hull value and in terms of the total amount of cargo they carry – has reached unprecedented levels. This is especially worrying for insurers, who might find multiple policyholders' cargo traveling on the same ship, suddenly aggregating potential losses.
As insurers and risk managers innovate ways to manage risk aggregation, let's take a look at the size of container ships themselves. How big are they now, and how much bigger are they likely to get?
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