SIMI Marine Insurance Forum in Shanghai

By Lars Lange, IUMI Secretary General

The Shanghai Institute of Marine Insurance (SIMI) representing the Chinese marine insurance market joined IUMI in September 2015 as new member association. Since then, the cooperation between SIMI and IUMI has grown continuously. In November 2017, SIMI Secretary General Xu Feng invited IUMI President Dieter Berg and IUMI Secretary General Lars Lange to the SIMI Marine Insurance Forum in Shanghai under the title “Opportunities and Challenges for Marine Insurance under the Belt and Road Initiative”.

IUMI President Dieter Berg delivered a keynote speech on “International Trends in Marine Insurance” at the conference. IUMI Secretary General Lars Lange updated the audience on “Cyber Risks and Marine Insurance”. The one-day conference gave an excellent overview about the development of the Chinese Marine Insurance Market, the opportunities of the Belt and Road Initiative and the Chinese maritime business as a whole. The very well attended conference provided the occasion to deepen the relationship between SIMI and IUMI and aided both sides to learn more about the recent tasks and challenges of each association.