IUMI

How have sanctions against Iran affected insurers

Prof. Dr. Dieter Schwampe, Partner at Arnecke Sibeth Dabelstein, IUMI Professional Partner, talks about the sanctions that are taking place around the world, regarding Iran. The start was made with the termination of the US participation from the Joint Comprehensive Plan of Action (JCPOA), on 5 August 2018, with EU following by publishing the Blocking Regulation.

After the end of the US participation to the Joint Comprehensive Plan of Action (JCPOA), on 5 August 2018, which marked the first set...

https://safety4sea.com/how-have-sanctions-against-iran-affected-insurers/

Digitalization at the top of IUMI agenda

Data and digitalisation will become an even more important issue for shipping and will be one of top priorities for the International Union of Marine Insurance (IUMI), was the key message of IUMI President Richard Turner, after setting the Union’s priorities for his term of office.

In the longer-term we see fundamental changes to the way we conduct our business in terms of risk evaluation, claims handling and other underwriting processes. We will continue to build on the work already done and...

https://safety4sea.com/digitalization-at-the-top-of-iumi-agenda/

Addressing the increasing risk of container ships fires

Sean Dalton, IUMI Cargo Committee Chair and Head of Marine Underwriting NA, Munich Reinsurance America, Inc., and Pascal Dubois, IUMI Loss Prevention Committee Chair and Head of Marine France, Swiss Re Corporate Solutions, talk about the increasing cargo risks, which are becoming a growing concern.

Major fires on cargo ships are turning out to be a rising concern, which often leads to loss of life, damage to the ship and cargo, while it can also have important environmental impact. These...

https://safety4sea.com/addressing-the-increasing-risk-of-container-ships-fires/

Ensuring containers safety on board container ships

Uwe-Peter Schieder, Loss Prevention Manager at GDV (German Insurance Association – Gesamtverband der Deutschen Versicherungswirtschaft) and Vice-Chair of IUMI’s Loss Prevention Committee, provides his comment on securing containers on deck of a container ship.

Mr. Schieder says that there are six different motions in which vessels move in the sea, with the main of them being pitching, heaving and rolling. However, lateral rolling motion presents the greatest risk for stacks of containers.

GET THE...

https://safety4sea.com/ensuring-containers-safety-on-board-container-ships/

IUMI obliges refineries to conduct testing on low sulphur fuels

IUMI, the International Union of Marine Insurance, forces refineries to test on low sulphur fuels ahead of the introduction of the global sulphur cap on 2020. IUMI stated that fuel testing is undertaken by the end-user but this has to change.

Specifically, IUMI reported that it is concerned that incidents on fuel contamination are increasing.

Moreover, the Union addressed that refineries should be compelled to conduct testing and confirm the delivery of non-contaminated fuel.

GET THE SAFETY4SEA IN...

https://safety4sea.com/iumi-obliges-refineries-to-conduct-testing-on-low-sulphur-fuels/

IUMI confronts trade ‘chaos’ as it strives to protect insured clients

Richard Turner, IUMI president.

IUMI confronts trade ‘chaos’ as it strives to protect insured clients

London’s marine insurance market is going through one of its toughest periods in recent years, the president of the International Union of Marine Insurance has warned.

The twin pillars of underwriting in the City,  Lloyd’s and the company sector, saw the exit of 11 facilities or parts of businesses with marine capacity during 2018, as weak premium rating, market overcapacity 2017 hurricane-related...

http://www.allaboutshipping.co.uk/2019/02/07/iumi-confronts-trade-chaos-as-it-strives-to-protect-insured-clients/

IUMI: Fuel quality a growing challenge in IMO conventions

Fuel quality and safety was high on the agenda during the 100th session of the IMO’s Maritime Safety Committee (MSC) in early December. On the occasion, IUMI highlighted that biofuels are not properly catered for under the ISO standard 8217 and urged IMO to encourage ISO to embark on the urgent amendment of the ISO 8217 legislation to deal with biofuels and the 2020 sulphur cap.

MSC 100 agreed to include in its agenda for MSC 101 a new item on “Development of further measures to enhance the...

https://safety4sea.com/iumi-fuel-quality-a-growing-challenge-in-imo-conventions/

IUMI: Marine insurance results remain under pressure

During IUMI’s conference in Cape Town, Astrid Seltmann, Vice Chair of the IUMI Facts and Figures Committee gave updates on the macroeconomic environment and shipping market and the global marine insurance market.

Namely, the purpose of the committee is the production and publication of statistics during spring and autumn, which focus mostly on the trends of the maritime insurance.

Specifically, global economy is developing at an unprecedented rate and has reached its fastest pace during...

https://safety4sea.com/iumi-marine-insurance-results-remain-under-pressure/

IUMI Eye December 2018 Edition published

Viewers can see herebelow the link to the International Union of Marine Insurance (IUMI –www.iumi.com) latest edition of the informative IUMI Eye, published today:

IUMI EYE December 2018

A few of the key stories include:

–          Message from the President

–          IUMI Q&A with ICS Director, Legal Affairs, Kiran Khosla

–          Summary of the 2018 IUMI statistics

–         Fuel quality and safety in IMO Conventions 

–          IUMI’s new online cargo tutorial porgramme

–          First IACS...

http://www.allaboutshipping.co.uk/2018/12/13/iumi-eye-december-2018-edition-published/

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