In March 2020, the World Maritime University (WMU), established within the framework of the International Maritime Organization (IMO), and IUMI signed a Memorandum of Understanding (MoU) regarding their mutual interests in the field of maritime and oceans, the development of expertise, the protection of the marine environment and the building of capacity worldwide.  

Areas of agreement within the MoU include IUMI’s cooperation in the delivery of WMU’s Marine Insurance Law & Practice Postgraduate Diploma programme. This long-established programme offers an outstanding academic foundation for professionals in the marine insurance industry to develop their expertise and their careers, as well as professionals planning to move into the field of marine insurance.

The MoU further provides for an IUMI bursary for the WMU's Postgrad Diploma in Marine Insurance Law & Practice. Candidates who successfully pass the IUMI hull exam or the IUMI cargo exam are invited to apply for two bursaries per academic year for the Marine Insurance Law & Practice Postgraduate Diploma programme. Both bursaries cover 75% (US$ 4,387.50) of the full tuition fee for each candidate. The remaining 25% of the tuition fee (US$ 1,462.50) have to be borne by both candidates themselves.

Experts from both IUMI and WMU collaborate to deliver high-level standards in marine insurance education for students studying in the WMU Marine Insurance Law & Practice Postgraduate Diploma programme. IUMI’s cooperation with the WMU is an enabler to provide excellence in education for marine underwriters from around the world.

Application process for WMU bursary

Detailed information about the application process and the application form for entry in September 2025 can be downloaded here.