IUA

London launches Sharia principles as market looks to Islamic opportunities

Max Taylor

The London market has taken a significant step forward in its plans to deliver Sharia-compliant capacity for Islamic commercial risks with the Islamic Insurance Association of London (IIAL) launching a set of Guiding Principles for the provision of Sharia-insurance.

The principles, will be unveiled at the Lloyd’s Old Library this morning at an event which will see Economic Secretary to the Treasury, John Glenn, give the UK Government’s backing to the initiative and call on the market’s...

http://www.allaboutshipping.co.uk/2018/11/27/london-launches-sharia-principles-as-market-looks-to-islamic-opportunities/

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix

John Faraclas

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix. Just compare to only 5 days ago (22/11) and see what you get out of this. The BCI has exactly doubled whilst Handies and Supras are completely flat; all the Capes heading to China. Geopolitics get a swirl to the worse. John Faraclas’ daily brief recap:

The BDI (Baltic Dry Index) gained three-digit-points: 122 earlier on today “thanks” to the Capes rise; this is beyond business shipping...

http://www.allaboutshipping.co.uk/2018/11/27/the-bdi1339-the-roulette-wheel-keeps-turning-it-all-depends-on-what-day-of-the-week-you-fix/

New London Market Human Resources Group launched

A new London Market group for human resources professionals has been established by the International Underwriting Association. The move comes in response to a growing number of regulatory changes and initiatives across the insurance sector to boost education, training, talent recruitment and diversity.

At the inaugural meeting of the new group, IUA members discussed issues which might be discussed in future and potential topics for market events to improve education and training. These included...

http://www.allaboutshipping.co.uk/2018/10/25/new-london-market-human-resources-group-launched/

IUA survey cites obstacles to adoption of autonomous vehicles

Driverless ships and aviation drones face fewer barriers to adoption than driverless cars. That is the view of underwriting professionals replying to an International Underwriting Association (IUA) survey on developing technologies.

Respondents expressed concern about a lack of associated infrastructures for autonomous modes of transport, as well as cost, technological capability, public perception and regulation. In each case these barriers to adoption were thought to apply most significantly...

http://www.allaboutshipping.co.uk/2018/10/08/iua-survey-cites-obstacles-to-adoption-of-autonomous-vehicles/

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