IUMI Eye Newsletter June 2023

IUMI shows strength and resilience whilst facing challenging marine risks

Heightened geopolitical risk is always troubling. The current negative outlook...

A second time for Edinburgh to host the IUMI conference

44 years ago, marine underwriters from around the globe met in Edinburgh under the IUMI banner. The minutes of that meeting make for...

People at IUMI: Mariella Dauphinee, Vice Chair, Executive Committee

How long have you been associated with IUMI? I attended my first IUMI conference in 2012...

Loss prevention is at the heart of marine insurance

As the maritime industry becomes increasingly complex, associated risks are harder to control. Having the correct information to enable careful...

IUMI Online Tutorials provide comprehensive overview

The IUMI Cargo tutorial provides a comprehensive overview of Cargo Insurance knowledge, ...

Carbon Capture, Utilisation, and Storage (CCUS) crucial to #netzero2050

Carbon Capture, Utilisation, and Storage (CCUS) technologies are crucial, as CO2 reductions alone won't get us to...

Book review: Insuring Cargoes - A practical guide to the law and practice

The second edition of "Insuring Cargoes - A practical guide to the law and practice" presents a comprehensive...

Report of 107th session of the Maritime Safety Committee (MSC 107)

The 107th session of the International Maritime Organization’s (IMO) Maritime Safety Committee took place from 31 May to 9...

Summary of 110th session of the IMO Legal Committee (LEG 110)

The Legal Committee (LEG) held its 110th session from 27 to 31 March 2023 and was chaired by Gillian Grant from Canada. IUMI was in...

10th session of the IMO’s Sub-Committee on Pollution Prevention and Response (PPR 10)

The Sub-Committee on Pollution Prevention and Response (PPR 10) met from 24 to 28 April 2023. The session was...

Insured losses from Ukraine: A first step toward clarity

Loss data from the conflict in Ukraine provides significant insight into the impact on the global re-insurance industry. Following our...

The human factor

When the pilot and captain of a ship, with a length of 200 meters and weight of 45,000 tonnes, fail to control its course adequately, the ship is at risk of grounding or colliding...

Insurers lose appeal challenge to fraud ruling

The English Court of Appeal recently upheld a lower Court decision granting judgment in favour of Quadra, the claimant insured, obliging defendant...

Q&A with Jos Koning, Senior Project Manager at MARIN: Focus on containers lost at sea

What is MARIN, and what is your role at the institute? The Maritime Research Institute Netherlands (MARIN) is a...

Driving improvements in insight to lead positive change

Ambitions are high when it comes to setting future data standards. They must be if the market is to keep pace with the changing technology...

Autonomous vessels and their implications for hull & machinery losses

In recent years the development of autonomous vehicles such as cars, drones and vessels are reshaping the world. The...

Building portfolio resilience in uncertain times

Maritime observers have been nervously monitoring the increasing tensions between the USA and Iran in the Strait of Hormuz. In recent weeks, Iran has...

The case for SIRE: How ship inspection programmes can improve safety in tanker shipping

The term ‘SIRE’, whilst unfamiliar to some, is common vernacular for those that work in or around...

Grounding incidents in the Indonesian Archipelago

Numerous grounding incidents in the Indonesian Archipelago in recent years have involved depth anomalies, causing owners and charterers to incur...

October ALSUM conference to provide knowledge and industry-related information

The 11th annual Latin American Marine Insurance Conference will be hosted by the Latin American Maritime Insurance...

IUMI Edinburgh 2023: Registration is now open

Registration for the upcoming annual IUMI conference is open, and the early bird registration fee deadline is expiring at midnight on Sunday, 25 June...

AIMU celebrating 125 years

Next year brings an exciting milestone with IUMI celebrating its 150th anniversary. This year, the American Institute of Marine Underwriters (AIMU) marks its 125th...

Asia Forum 2023: a first for the Middle East

The IUMI 2023 Asia Forum was held from 8 to 10 May in Dubai, a first for the Middle East. The Emirates Insurance Association hosted this special...