Major claims database

For the second year, IUMI has presented its major claims database analysis. Since last year, three new reporting countries have joined the project bringing the total to 25. The total number of claims records included have now reached around 9,000 representing total losses of more than USD14 billion. 

Cargo underwriting is more evenly spread geographically than hull and so the cargo data collected is considered robust and reliable enough to be published for a second year. Thirteen data fields are now being reported on and, as a result, major cargo losses have been analysed with respect to loss severity, frequency, location and cause. 

Work is ongoing to improve the reliability of the hull loss data collected and to engage further with the hull underwriting community. Once achieved, IUMI’s hopes to publish hull loss data also.

To download the full IUMI Stats Report please click here.