Published April 2024

The International Union of Marine Insurance (IUMI) is deeply saddened to learn about the loss of life that resulted from the collapse of the Baltimore Bridge and our sympathies lie with the families and loved ones of those who have died, as well as those who have been impacted in other ways.

Most economies rely on international seaborne trade which is enabled by a range of services including marine insurance. IUMI members provide insurance cover to merchant vessels and their cargoes and sit alongside other global insurers who provide complementary liability and other related cover. Together, the marine insurance sector is comprehensive, financially strong and capable of responding to this incident and fulfilling its obligations.

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Published December 2023

Statement from IUMI on the situation in the Red Sea area

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Published September 2023

This paper provides best practice & recommendations for the safe  carriage of electric vehicles (EVs), including technical information about electric vehicle batteries as well as differences between roro/ropax vessels and Pure Care & Truck Carriers (PCTCs).

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Published August 2023

Transport of LIBs in EV - IUMI statement

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Published May 2023

This document which was submitted to the 9th session of the IMO’s Sub-Committee on the Implementation of IMO Instrument (III 9) and supported by IUMI provides information on the reporting of very serious marine casualties and the need for amendments to the Casualty Investigation Code.

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Published February 2023

On the occasion of the first anniversary of the Ukraine war, over 30 organisations and companies, including IUMI, have written a joint open letter urgently calling on the UN Secretary General to prioritise the immediate release of the 331 seafarers and 62 ships that remain trapped in Ukrainian ports.

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Published October 2022

This document which was co-sponsored by IUMI and submitted to the 106^th session of the IMO Maritime Safety Committee (MSC) highlights the development of the International Quality Assessment Review Body (IQARB) which is chaired by IUMI’s Secretary General.

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Published October 2022

This joint submission to the IMO’s Maritime Safety Committee’s 106^th session in November 2022 which was co-sponsored by IUMI informs the Committee of the progress of the TopTier Joint Industry Project which looks at securing container safety to avoid containers lost at sea in the future.

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Published June 2022

In June 2022 BIMCO, FONASBA, IAPH, IFSMA, InterManager, INTERTANKO, IPTA and IUMI published a climate change glossary to clarify and harmonize definitions and terminology to ensure that discussions around climate change and potential solutions for the shipping industry are based on a mutual understanding of what the commonly used terms mean.

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Published June 2022

A Code of Practice between the International Group of P&I Clubs and IUMI has recently been agreed in relation to future casualty situations that may give rise to the need for third party salvage services. The document sets out rules and procedures to be followed by property and liability underwriters in case of such incidents, including the payment of fees and disbursements to the Special Casualty Representative (“SCR”).

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Published November 2021

This paper contains a proposal for a road map amending SOLAS Chapter II-2 to address firefighting capabilities on board container vessels.

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Published November 2021

This questionnaire which was set up by the European Commission sought feedback on a possible amendment to Council Regulation (EC) No. 2271/96 ('blocking statute'). The aim of the ‘blocking statute’ is to shield EU individuals, organisations, and companies from the extraterritorial application of third-country laws and measures. IUMI submitted its response in November 2021.

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Published February 2021

The Neptune Declaration, signed and supported by more than 450 organizations including IUMI, outlines the main actions that need to be taken to resolve the crew change crisis.

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Published December 2020

According to the WHO, there are currently more than 100 COVID-19 vaccine candidates under development, with a number of these in the clinical trial phase. Estimates suggest that the logistics industry will have to deliver 10 billion doses in the next couple of years. The global scale of this undertaking will pose major challenges to logistics networks around the world. IUMI has prepared a guidance paper to provide an overview of the risks and challenges foreseen by members of IUMI’s Cargo, Loss Prevention, and Legal & Liability Committees as well as several Secretaries of IUMI member associations based in various countries on five continents. Three themes were resounding in all comments:

• Maintaining required temperatures throughout the entire supply chain.
• COVID-19 vaccines will be high value goods, thus exposed to the risk of theft.
• Lack of capacity in the supply chain.

Preparing for and responding to these risks will facilitate the smooth delivery of the vaccines and ensure the population gets vaccinated. Marine insurers are enablers in this process for an extraordinary logistical undertaking of global scale which will help the world to return to a “new normal” following the corona pandemic. Insurers’ experience in risk handling and mitigation should be offered to clients proactively. Click HERE to download the guidance paper.

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Published July 2020

This document provides comments on marine casualty investigation requirements and the need for amendments to the Casualty Investigation Code which would entail a new output at MSC 103. IUMI co-sponsored this paper along with several industry associations.

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Published April 2020

This paper gives an overview of the impact of the COVID-19 virus on international marine insurance, on marine insurers and on their clients’ business. Information and developments were accurate at the date of publication.

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Published April 2020

On 12 February 2020 IUMI submitted this short statement in response to the European Commission’s consultation for the 2019 evaluation of the Research & Development and Specialisation Block Exemption Regulations. The statement is in support of Insurance Europe’s position which is attached to the statement.

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Published April 2020

This paper includes a joint proposal by Germany, Bahamas, BIMCO, CESA and IUMI to the IMO Maritime Safety Committee’s 102nd session to review the fire protection and fire detection measures onboard containerships.

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Published April 2020

Proposal for a new output for the fire protection on containerships – Corrigendum

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Published April 2020

This document provides information about the economic aspects of containership fires, indicating the need to review the regulations in SOLAS chapter II-2 for the avoidance of damage to containerships, as well as containerized cargoes stowed under deck and on deck of containerships. The paper was submitted by IUMI to the IMO Maritime Safety Committee’s 102nd session.

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Published March 2020

This document provides further information for the assessment of the need to review the regulations in SOLAS chapter II-2 for the avoidance of damage to containerships and containerized cargoes stowed under deck and on deck of container ships. The paper was submitted by IUMI to the IMO Maritime Safety Committee’s 102nd session.

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Published March 2020

This dissertation by Helge Rath published in 2016 analyses 56 fires and firefighting operations on fully cellular container vessels over the period 2000 – 2015.

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Published March 2020

Following the decision at MSC 100 on a new output for the Sub-Committee on Navigation, Communications and Search and Rescue (NCSR) to revise resolution A.949 (23) on Guidelines on places of refuge for ships in need of assistance, this document sets out a preliminary draft structure and revision of the Guidelines. This is proposed in order to make the Guidelines clearer, up to date and more operational, ensuring that they continue to serve as an effective instrument providing support for all parties involved in handling a ship in need of assistance seeking a place of refuge. IUMI co-sponsored this paper along with EU member States and several industry associations.

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Published February 2020

In February 2020, IUMI co-sponsored a proposal to the IMO’s Facilitation Committee with respect to developing IMO guidance to address bribery and corruption in the maritime sector.

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Published April 2020

IUMI participated in the consultation to revise the first Environmental, Social and Governance (ESG) guide for the global insurance industry developed by UN Environment’s Principles for Sustainable Insurance Initiative. The guide is primarily intended for insurance industry participants with non-life insurance business, particularly industrial and commercial insurance business. It is aimed at industry participants who intend to develop their approach to integrating ESG risk considerations into their core insurance business processes and decision-making.

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