Tag: IUMI

During the International Union of Marine Insurance (IUMI)'s 150th annual conference in Berlin, Ilias Tsakiris, General Manager of American Club Europe, CEO of Hellenic Hull, and Chair of IUMI’s Ocean Hull Committee, examined the continuing growth of global ocean hull premiums, which rose by 7.6% in 2023, reaching USD 9.2 billion.

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany.

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Berlin (Germany), President Frédéric Denèfle focused on how change was likely to impact on all lines of marine insurance business.

In an exclusive interview to SAFETY4SEA, IUMI's experts Capt. Uwe-Peter Schieder and Sebastian Kempka share their concerns about fires onboard vessels, which remain one of the biggest safety challenges.

The adoption of renewable-energy sources has increased significantly in recent years and BESS (Battery Energy Storage System) has played an important role. Although this will bring significant opportunities to cargo insurers, some key points should be noted when writing cover for such goods, IUMI notes.

As the International Union of Marine Insurance (IUMI) explains, the Chernobyl nuclear power plant disaster, the Piper-Alpha oil platform explosion, and the sinking of the Herald of Free Enterprise all have a thing in common: An ineffective safety culture.

The International Union of Marine Insurance (IUMI), confirmed that the global marine insurance market is continuing to support trade in the Red Sea and the Ukraine/Black Sea area, at its annual winter meeting in London.

The Poseidon Principles for Marine Insurance, an initiative backed by the Global Maritime Forum to drive decarbonisation of international shipping through transparency, has issued its second annual disclosure report.

The International Union of Marine Insurance (IUMI) has released its 2023 analysis of the global marine insurance market, which finds that in 2022 there an 8.3% uplift compared to 2021, regarding global marine insurance premiums. 

During this year’s annual conference held in Edinburgh, the International Union of Marine Insurance (IUMI) took the opportunity to explore and debate the question of diversity, equity, inclusion and belonging (DEIB) with the ambition of taking concrete steps to enhance its own representation and that of the marine insurance community more generally.