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IUMI flags impact of coronavirus, container growth and geopolitics
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
IUMI 2019 statistical report highlights a modest rise in premiums.
Marine insurance market 'chaotic' as future remains uncertain, says IUMI
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
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
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
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
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
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
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
The frequency of major vessel casualties rose in 2016 for the second consecutive year, according to the International Union of Marine Insurance.
