IUMI Eye Newsletter December 2022

Message from the President: 2022 - A year in review

In my capacity as the newly elected IUMI president, I wish to again express my appreciation and thanks to the IUMI Council for its trust and...

An eye on salvage

2022 has proven to be a relatively benign claims year to date, with Hull & Machinery insurers reporting lower claims frequencies and lower than average levels of incurred...

Report of the 106th session of the IMO’s Maritime Safety Committee

The International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) held its 106th...

IUMI podcast series IUMI Facts & Figures Report

Listen to our newest podcast on the IUMI Facts & Figures Report. Twice a year, industry reports are presented by the IUMI Facts & Figures...

NordStream leaks: Risks and concerns for our subsea pipelines and cables

The alleged sabotage and attacks on the NordStream pipelines have highlighted the importance of the UK and Europe’s...

NATO MARCOM annual seminar returns to London

NATO’s Allied Maritime Command (MARCOM) Maritime Security Symposium took place on 24 November 2022 in London for the first time since 2019 due...

The risks of cargo accumulation and data opportunities

Data availability is now at a point where the market can truly look to better address the threat from cargo accumulations. Recent years have...

IUMI major claims database on a growth trajectory

Since its launch, the major claims database has grown in size and improved its data. We now have data from 27 countries, all of whom...

Report of the 8th session of the Sub-Committee on Carriage of Cargoes and Containers (CCC 8)

The Sub-Committee on Carriage of Cargoes and Containers (CCC)...

Indian Supreme Court clarifies storage

Misconceptions and various interpretations regarding the duration clause are not new in marine insurance. Although the coverage provided by Institute Cargo...

Port Disruption opens route to progressive solutions & opportunities for marine (re)insurers

Collins Dictionary recently released the most used words of 2022, with “permacrisis” being...

The future of maritime loss prevention is digital

Large shipping losses declined by 40% in 2018 and a further 20% in 2019, according to AGCS. Overall incidents are on the rise, however, especially...

Energy Security and Cyber Insurance: The Time Is Now

Offshore energy platforms have become the nexus of economic, energy, and cyber security in the United States. A study by the U.S. Government...

A pan over to IUMI Chicago 2022

Over 500 delegates convened in Chicago for the first IUMI Annual Conference in person since 2019. The conference was a great success, with over 500 delegates and...

Our new IPP Members

BARBUSS – a new IPP We are delighted to announce BARBUSS as a new IUMI Professional Partner. BARBUSS provides specialized financial, claims services and consulting to the...

New members on IUMI’s Executive, Nominating and Technical Committees

IUMI is pleased to announce the following elections and re-elections to the IUMI Executive Committee during the IUMI Council...

Climate change, cargo theft and social unrest are challenges Latin America faces

Last month I attended the 10th annual Latin American Maritime Insurance Association (ALSUM) conference in...

IOPC Funds: October 2022 sessions of the governing bodies

The governing bodies of the International Oil Pollution Compensation Funds (IOPC Funds) held sessions from Tuesday, 25 to Friday, 28 October...

Masterclass in Cargo Insurance: Full house expected

Since the announcement at the annual conference in Chicago about IUMI’s first in-person training programme, we are thrilled by the...