Tag: IUMI

In the latest IUMI Eye, Neil Roberts, member of IUMI's Policy Forum, provided an update on the 5th Protection of the Arctic Marine Environment Conference.

IUMI released its 2021 analysis of the global marine insurance market, providing an insight into the marine insurance market.

IUMI fully endorses the Call to Action for Shipping Decarbonization that was announced last month by the Getting to Zero Coalition.

Opening this year’s IUMI annual conference, President Richard Turner was clear that within the current context of change, standing still was simply not an option for the marine insurance sector.

Rama Chandran, chairperson on Ocean Hull Committee expressed concern over the long-term sustainability of the hull and machinery insurance sector.

The International Union of Marine Insurance (IUMI) reported an increase in the 2020 cargo insurance premium base (from 2019) of 5.9% to USD 17.2 billion alongside an improvement in overall loss ratios.

The offshore energy insurance sector continues its period of relative stagnation with IUMI reporting a global premium base for 2020 of USD 3.6 billion. 

Speaking at the International Union of Marine Insurance (IUMI) annual conference, chairperson of the IUMI Loss Prevention Committee, Pascal Dubois, called on marine insurers to recognize the vital role of loss prevention.

Cargo insurance has entered a new era that will deliver opportunities to those underwriters who embrace technology and harness its power.

The International Union of Marine Insurance presented its analysis of the latest marine insurance market trends during its annual conference which is being held online from Seoul, South Korea.