The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in the Red Sea and the Ukraine/Black…
marine insurance
Red Sea Insurance Soars After US Airstrike
By Alex Longley (Bloomberg) The cost of war-risk insurance for vessels sailing through the Red Sea is spiraling, adding a further potential impediment to trade passing through a waterway already labeled…
https://gcaptain.com/red-sea-insurance-soars-after-us-airstrike/
Diversity and inclusion in the marine insurance community
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During this year’s annual conference held in Edinburgh, the International Union of Marine Insurance (IUMI) took the opportunity to explore and debate the question of diversity, equity, inclusion and … |
https://maritime-professionals.com/diversity-and-inclusion-in-the-marine-insurance-community/
Loss prevention measures must adapt as shipping innovates
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Shipping continues to innovate in terms of vessel capacities, greener technologies and more modern operating practices. At the same time, the way that goods are being carried, particularly unitized … |
https://maritime-professionals.com/loss-prevention-measures-must-adapt-as-shipping-innovates/
How will marine underwriters capture the benefits of digitalisation?
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Digitalisation is making significant inroads into many aspects of global shipping and marine insurance must be ready to embrace this change if it is to reap the associated benefits. … |
Don’t get caught out by fraud and never let crime pay
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A recent, high-profile fraud case has highlighted a number of issues that marine insurers should recognise and learn from if they are to continue to provide a comprehensive service … |
https://maritime-professionals.com/dont-get-caught-out-by-fraud-and-never-let-crime-pay/
Safe carriage of electric vehicles
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There are growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and roros with the assertion that many of these fires are … |
https://maritime-professionals.com/safe-carriage-of-electric-vehicles/
Global Marine Insurance Market Sees Positive Growth in 2022, Reports IUMI
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/
IUMI: Marine insurance premiums hit $35.8 billion in 2022
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...
Marine Insurers Publish Recommendations for Safe Carriage of Electric Vehicles
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/