The first IUMI online conference concluded on 25 September 2020 when the IUMI flag was handed over by the Swedish hosts to the hosts of the IUMI 2021 conference in Seoul, South Korea. Take a look at the ceremony of the handing over of the flag to the Korean hosts in this moving video. IUMI members can now access the IUMI 2020 Stockholm presentations in the members-only section HERE.

This is the second in a series of annual reports launched in 2018. Its aim is to present a range of statistical data to help define the maritime sector and, more particularly, the marine insurance market.

Highlights from this year’s analysis includes:

• A modest single percentage point rise in global marine premiums across all sectors.
• Continuing uncertainty in national policies, geopolitical tensions, commodity prices and other factors is making the future prospects of the marine insurance market hard to predict.
• The return of major losses and the increasing accumulation of risk, both onboard ships and ashore, is impacting various lines of business.
• A steadying of the oil price is encouraging offshore reactivation but this is bringing its own challenges.
• Fires onboard containerships is a growing concern for hull and cargo underwriters.
• In general, the marine insurance markets appear to have bottomed-out, with many markets reporting changing underwriting conditions but the prospect of any real market improvement to 2019 results remains uncertain.

The full report is available to download HERE.

We are pleased to announce the launch of our new corporate video that gives insights into why IUMI is the trusted voice of marine insurance! 

Take a look at what IUMI is about, what we do, who we are, and the value of our organisation.