IUMI Eye Newsletter March 2022

Message from the President: Adapting to a world in transition

It feels incredible to be marking the second anniversary of the Covid-19 pandemic....

Message from the Secretary General Lars Lange

Full support for seafarers in Ukraine All of us at IUMI are shocked and saddened by the war unfolding in Ukraine. Whilst it is not appropriate for us...

Time to take a trip to the Windy City

We have officially commenced the countdown to Chicago for the 2022 Annual IUMI Conference from 18-21 September 2022. This will be the first in-person conference...

IUMI supports IMO in decisions for “Non-IG insurers”

In 2014, the International Maritime Organization’s (IMO) Legal Committee adopted Guidelines for accepting insurance companies,...

Busy in the Green Room

The last quarter has seen IUMI continue to record highly interesting and relevant podcasts. At the end of 2021, our President Richard Turner recorded a very special podcast...

Cyber ‘war’: a question of ‘reasonable expectations’

The concept and characterisation of war risks arises in a number of ways in marine insurance. The separation of war perils from...

IUMI Winter Meeting returns to in-person

In early February, the IUMI Executive Committee and the Chairs of the IUMI Technical Committees and Forums convened in London for the Annual Winter Meeting,...

8th session of the Sub-Committee on Human Element, Training and Watchkeeping (HTW 8)

The eighth session of the Sub-Committee on Human Element...

Containership and RoRo fires at 8th session of IMO’s Sub-Committee on Ship Systems and Equipment (SSE 8)

The 8th session of the Sub-Committee on Ship Systems and Equipment...

Insurers call for increased transparency through climate reporting

The Poseidon Principles for Marine Insurance will soon enter into force. They are a framework for quantitatively assessing and...

New risk of cargo damage – unsuitable transport by bulk carriers

Container transports by sea have become significantly more expensive in recent months. In addition, it is becoming increasingly...

The case against seaman status for offshore energy workers

Achieving "seaman" status (or more gender neutrally, mariner status) under the U.S. Jones Act opens the door to a world of...

8th session of the Sub-Committee on Ship Design and Construction (SDC 8)

The eighth session of the Sub-Committee on Ship Design and Construction (SDC), which was postponed to 2022 due to the...

Cyber risk & freight forwarding liability: How Marine Insurance Industry is responding?

For more than two decades, the world economy has seen a dramatic increase...

Cargo insurance: a valuable ally for logistics sustainability

It is estimated that logistics activity generates around 10% of the global greenhouse gases (GHG) that deteriorate the quality of the...

Congratulations to the successful IUMI exam candidates

We are pleased to announce the students who have passed our online hull and cargo exams in 2021. The pass mark for the exam is 65% and students...

An underwriter’s view on automating submissions

As technology makes operations more efficient, and risk analysis more advanced, the time taken for underwriters to triage accounts decreases. This...

Cyber and infrastructure chokepoints

The lack of cyber insurance penetration has contributed to large economic losses and ongoing risk management challenges for critical infrastructure, particularly...

Resolutions on Unified Interpretations on the test for breaking the shipowner’s right to limit liability: finally passed

In Issue 33 of IUMI Eye June 2021, Charles Fernandez, Chair of the IUMI...