Tag: IUMI

The International Unit of Marine Insurance announced that it supports the efforts of the IMO, classification societies and shipowner associations to understand, assess and mitigate the risk of cyber threats, in order to make them more transparent and understandable to operators.

Rising energy claims against a reducing premium base; and the increased cargo accumulation risk onboard vessels and in port continue to challenge marine insurers. Statistics released at the International Union of Marine Insurance Annual Spring meeting in Hamburg, last week, raise a series of issues that will continue to challenge marine underwriters for the foreseeable future.

Marine underwriters have witnessed an increase in the frequency of fires in the car/ro-ro passenger vessel segment. Thus IUMI have put forward recommendations to mitigate the risks.

Closing this year’s IUMI 2016 marine insurance conference in Genova, IUMI President, Dieter Berg expressed concern over the increasing number of large marine losses and their potential to put severe financial strain on insurance companies.

Two recent onboard containership fires have fueled concerns from IUMI over the challenges involved with managing these incidents at sea. IUMI is well aware of the SOLAS regulations but is calling for further dialogue involving IMO, class, shipbuilders and shipping companies

The International Union of Marine Insurance (IUMI) strongly supports the new mandatory requirement and adoption of the amendment to SOLAS regulation V1/2 for the verification of the gross mass of packed containers (resolution MSC.380(94)), which comes into force on 1 July 2016.

IUMI has welcomed the revised York-Antwerp Rules (YAR 2016) which were recently adopted by the Comité Maritime International at its conference in New York.

IUMI is calling for vessel owners and technical managers to make records available when a ship changes owner

The International Union of Marine Insurance (IUMI) issued its latest edition of the informative "IUMI Eye" including abstract from Nick Gooding's speech (FCII, IUMI Alternate Officer at the IMO) on cyber security presented at the Insurance Sweden Conference on 6 May 2015, in Stockholm.

IUMI issued its latest edition of the informative "IUMI Eye"