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IUMI flags impact of coronavirus, container growth and geopolitics

Global, Middle East12-02-2020Insurance News

Last year was ‘an unprecedented year’ for container shipping fires, warned IUMI leaders, as they highlighted a range of issues for marine underwriters such as tensions in the Middle East and the spread of the coronavirus.

Uncertainty prevails across all marine insurance lines

Europe03-12-2019Insurance News, Reinsurance News

IUMI 2019 statistical report highlights a modest rise in premiums.

Marine insurance market 'chaotic' as future remains uncertain, says IUMI

Global17-09-2019Insurance News, Reinsurance News

The ongoing global uncertainties, including the current trade tensions, will continue to impact all marine lines of business, specifically cargo and offshore energy, predicts the International Union of Marine Insurance (IUMI), which represents 43 marine market insurance and reinsurance associations globally.

International Union of Marine Insurance appoints Agnes Choi Asia ambassador

Asia Pacific30-05-2019Insurance News, Reinsurance News

The International Union of Marine Insurance (IUMI) has appointed an additional Asia ambassador to build its position in the region. Agnes Choi, chair of promotion and external relations for the Hong Kong Maritime and Port Board and former IUMI executive committee member, was confirmed at the second IUMI Asia Forum in Shanghai on 22-23 May.

Digital applications in vessels worry marine insurers

Global27-03-2018Insurance News, Technology News

Consequences of advances in the digital applications involved with naval architecture and the operation of vessels are worrying the insurance sector.

Economic expansion to fuel marine insurance

Global13-03-2018Insurance News, Specialty

Positive prospects for the global economy in 2018 are going to boost the marine insurance business, according to International Union of Marine Insurance (IUMI) president Dieter Berg.

IUMI warns on ‘sinking’ offshore energy insurance market

Global19-09-2017Insurance News

The chairman of the International Union of Marine Insurance (IUMI) offshore energy committee, James McDonald warned that the sector was "sinking".

IUMI calls for improved firefighting systems on board container vessels

Europe, Global19-09-2017Insurance News

With the growing size of container vessels, and a recent spate of fires on board of these ships, the International Union of Marine Insurance (IUMI) is concerned that current firefighting provisions are insufficient.

Global marine premiums fall another 9% YOY

Global18-09-2017Insurance News

Global marine underwriting premiums for 2016 fell to $27.5 billion, a 9 percent reduction on the figure reported for 2015, the International Union of Marine Insurance (IUMI) said on Sept. 18.

Frequency of major vessel casualties increases: IUMI

Asia Pacific, EMEA, North America07-04-2017Specialty

The frequency of major vessel casualties rose in 2016 for the second consecutive year, according to the International Union of Marine Insurance.

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