IUMI Eye Newsletter September 2022

Message from the president: President’s reflections on the past four years

One of IUMI’s traditions is that its President holds their position in the organisation for up to four years. My...

IUMI announces nomination for new President and Vice President

IUMI has announced the nomination of Frédéric Denèfle, Managing Director at GAREX, as a candidate for the role of...

Annual IUMI Conference 2022

The IUMI conference in Chicago will commence soon, and we couldn't be more excited to welcome you in person for the first time in three years. This year's theme...

Four years in the hot seat

Listen to Richard Turner’s thoughts on data, ESG and the future of marine insurance in the latest IUMI podcast. The outgoing IUMI President reflects on his time in...

Sanctions remain in focus for insurers

Insurers have been used to dealing with sanctions for a long time. The sanctions against Iran 12 years ago led to a number of adaptions and the development of...

America’s Winds of Change: floating offshore wind from a marine perspective

The upcoming California lease auction is expected to see the US become a major floating offshore wind player. Given the...

New set-up for IUMI Salvage Forum

Sitting at the heart of IUMI’s daily work are the Technical Committees (TCs) and Forums. While the “TCs” have existed for a long time, the first...

Cargo theft and the role of insurance

Cargo theft and security issues during transport on land remain a serious issue and point of attention. In that respect, the TAPA EMEA conference on 7 and 8...

Returning to Ukraine: Issues to consider

The shipping world watched with relief when, in early August 2022, the first stranded vessel (the "RAZONI") safely navigated the "grain...

Outcome solutions to protect the flow of trade

The global economy is a maze of interconnected business relationships supporting the successful flow of trade around the world. This has enabled...

Update: UNCITRAL Working Group of the Judicial Sale of Ships

When a shipowner fails to pay its creditors, the vessel is seized and is then frequently sold at a judicial sale...

Report of the 78th session of the Committee on Marine Environment Protection Committee (MEPC 78)

The Marine Environment Protection Committee (MEPC) addresses...

Report of the 9th session of the IMO’S Sub-Committee on Navigation, Communications and Search and Rescue (NCSR 9)

The Sub-Committee on Navigation...

New IUMI Professional Partners

IUMI is pleased to announce that two new firms have joined the IUMI Professional Partners (IPP) programme. Russell Group, is a story-telling data and analytics...

EVER GIVEN — German court denies cover for financial losses under cargo insurance

Everybody still remembers the EVER GIVEN casualty. It is said that the most losses following the grounding of the...

Glossary for climate change definitions

In June 2022, BIMCO, FONASBA, IAPH, IFSMA, InterManager, INTERTANKO, IPTA and IUMI published a climate change glossary to clarify and harmonise definitions...

What summer hailstorms in Europe could mean for the renewable industry

Demand for renewable energy projects has spiked over the past few years, increasing demand for equipment, labour and capital....

Report of the 8th session of the IMO’s Sub-Committee on Implementation of IMO Instruments (III 8)

The Sub-Committee on Implementation of IMO Instruments (III) brings together flag, port and...

World Maritime University 2022 bursaries

The World Maritime University (WMU) and IUMI share many common interests in the field of maritime and oceans. These include the development of expertise, the...

The role of insurtech in ESG

Launched earlier this year, the Poseidon Principles for Marine Insurance have heralded a significant step forward in creating a new global framework for responsible...

Have we become our own enemies?

Between 2001–2021, 119 million hectares of tree cover was reportedly lost in fires globally. Is climate change and the rise in temperatures to blame?...

Big Data and Marine Insurance: how does it work?

What is shared online about big data and marine insurance? Observers say that it can “disrupt the future of post pandemic underwriting...