IUMI Worried over Containership Fires

Maersk Honam fire

Containership fires, mis-declared cargoes a worrying trend for marine insurers.

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IUMI President: Time to Manage the 'Unthinkable' Risks

Costa Concordia

Losses the likes of Deepwater Horizon, Costa Concordia, prove there is a need to manage the 'unthinkable' risks.

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More Infrastructure Needed for Arctic Sailings Insurance

Cruise ship

IUMI: More infrastructure support is required to facilitate adequate insurance for Arctic sailings.

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IUMI: Shipping Still a Moving Target for Cyber Threats

  The shipping industry is becoming ever more reliant on technology, making it at the same time more vulnerable to ...

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IUMI Calls for Better Firefighting Systems aboard Boxships

With the growing size of container vessels concerns arose that current firefighting provisions are insufficient. ...

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Hull Sector Premiums Keep Falling

Global marine underwriting premiums for 2016 fell by 9% reduction on the figure reported for 2015, as the hull ...

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Marine Insurers Troubled by Rising Major Vessel Casualties

There has been a continued increase in frequency of major vessel casualties, according to the International Union ...

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IUMI: Hanjin Fall Shakes Cargo Insurance Market

The fall of South Korean carrier Hanjin Shipping into rehabilitation at the beginning of September 2016 has sent ...

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Rising Large Marine Losses Could Prove Too Much for Insurers

The increasing number of large marine losses can potentially put severe financial strain and overwhelm insurance ...

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IUMI Calls for More Action to Tackle Containership Fires

Two recent onboard containership fires have fueled concerns from International Union of Marine Insurance (IUMI) ...

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IUMI: Marine Insurance Market Faces Uncertain Future

Global marine underwriting premiums in 2015 amounted to USD 29.9 billion, down by 10.5% compared to the 2014 ...

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IUMI Calls for Action on Rising Cargo Theft

Marine insurer IUMI has called for the introduction of a range of measures to help reverse the worrying increase in ...

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Tianjin Disaster a Wake-Up Call to Cargo Insurers

The recent catastrophe at the port of Tianjin in China should be a “substantial wake-up call to all cargo ...

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IUMI: Ship Records Should Be Passed On to New Owners

The International Union of Marine Insurance (IUMI) is calling for vessel owners and technical managers to make ...

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IUMI: Tianjin Catastrophe Attests Growing Accumulation Risks

The recent catastrophe at the port of Tianjin in China, which resulted in the loss of at least 100 lives, with many ...

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IUMI: Exposures, Risks Growing in Size and Complexity

Exposures and risks are growing in size and complexity and these will require stable solutions in the future, ...

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IUMI: Statistics Show Total Hull Loss Fall

The International Union of Marine Insurance (IUMI) has released its Spring Statistics which found the percentage of ...

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IUMI Supports Effort to Establish ‘Arctic Marine ...

The International Union of Marine Insurance (IUMI) has backed efforts to create a declaration of best practice for ...

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