Global marine insurance premiums in 2022 increased by 8.3% to $35.8 billion, driven by trade rebound, rising asset values, reduced market capacity, and premium adjustments, the International Union of Marine…
https://gcaptain.com/marine-insurance-market-sees-strong-growth-in-2022/
The International Union of Marine Insurance (IUMI) reports a positive trend in the marine insurance market, with an 8.3% increase in global premium base for 2022. The growth is attributed…
https://gcaptain.com/global-marine-insurance-market-sees-positive-growth-in-2022-reports-iumi/
Marine insurance premiums across all categories rose to $35.8 billion in 2022 — and the general trend is upwards. Those were two of the facts that emerged today when the International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its annual conference in Edinburgh, Scotland.
All lines of business reported an uplift in their global premium base for 2022 with the total reaching $35.8 billion, representing an 8.3% increase on the previous...
The International Union of Marine Insurance (IUMI) has published new recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns within the shipping community, including from marine underwriters,…
https://gcaptain.com/marine-insurers-publish-recommendations-for-safe-carriage-of-electric-vehicles/
There are growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and Ro-Ro vessels with the assertion that many of these fires are attributable to electric vehicles. In response, the International Union of Marine Insurance (IUMI) has researched these claims and published recommendations on the safe carriage of […]
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The International Union of Marine Insurance (IUMI), representing 44 national and marine market insurance and reinsurance associations, said underwriters have significant challenges ahead amid new untested technologies, inflation, geo-political tensions…
https://gcaptain.com/marine-underwriters-facing-significant-challenges/
The International Union of Marine Insurance (IUMI) has reported an increase in the 2020 cargo insurance premium base (from 2019) of 5.9 per cent to US$17.2 billion alongs ..
To facilitate the utilisation of zero-carbon fuels, safety measures are urgently needed to protect crew, assets and the environment, writes Helle Hammer, Chairperson of t ..
The International Union of Marine Insurance (IUMI) claims the SOLAS [safety of life at sea] regulations for fighting a fire onboard a modern ULCV are inadequate.
It calls for amendments to SOLAS Chapter 11-2 regulations regarding enhanced provisions for early fire detection and effective control of fires in containerised cargo stowed under and on deck, in a paper submitted on 10 February to the IMO’s Maritime Safety Committee by IUMI and its …
The post SOLAS containership fire regulations...
https://theloadstar.com/solas-containership-fire-regulations-inadequate-claims-insurance-union/
Maritime insurers have once again called for a drastic improvement in fire protection on containerships, and urge countries to press for change in international regulations at the IMO.
Despite publishing new guidance for fire prevention on box ships two years ago, in response to a series of deadly shipboard blazes, this year has seen no let-up in the number of catastrophic incidents: Yantian Express, APL Vancouver, Grande America, ER Kobe and …