Marine insurance, also called marine insurance, refers to all kinds of ship insurance and all kinds of cargo insurance. The domestic ship insurance market is still dominated by PICC, accounting for nearly 80% of the market share. In particular, the ships of large state-owned shipping companies are mainly insured by PICC, and the freight insurance has performed well. Taibao also occupies a certain position in the marine insurance market; In addition, CSIC (China Shipowners Mutual Insurance Association) underwrites P&I insurance and some ship insurance of COSCO. In recent years, the marine insurance of Dadi Sunshine has shown obvious advantages in some places, and the premium has also increased rapidly. However, domestic ship insurance flows to many foreign insurance companies through the broker market, mainly P&I insurance (P&; I), including P&I insurance underwritten by PICC, are mostly distributed abroad through Spanish P&I Association.
In recent years, several domestic insurance companies attach great importance to the development of marine insurance and set up shipping insurance centers in Shanghai, including PICC, CPIC, Ping An, Sunshine, Yong 'an and Dida.