Stats Archive 2024 Download our stats reports and presentations published in 2024. You will need to be logged in to view all the available documents. IUMI Stats Report 2024 Global Marine Insurance Report 2024 Facts & Figures Press Release 2024 Scope of marine premium The post Statistics Archive 2024 appeared first on IUMI.| IUMI
Statistics Safe decarbonisation and alternative fuels Your Content Goes Here Steady insurance markets for hull and cargo in 2024 but offshore energy business is challenged. Headwinds loom for all markets, reports IUMI. Today, the International Union of Marine Insurance (IUMI) presented its analysis of the latest The post Facts & Figures Press Release 2025 appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here At today’s International Union of Marine Insurance (IUMI) annual conference in Singapore, Mike Brews, Chair of the IUMI Cargo Committee, reported a stable marine cargo insurance market — but cautioned that uncertainty lies ahead. According The post A stable cargo marine insurance market but uncertainty looms, warns IUMI appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Addressing delegates at the International Union of Marine Insurance (IUMI) annual conference in Singapore, Pascal Dubois, Chair of the IUMI Loss Prevention Committee, reaffirmed the critical importance of loss prevention in today’s maritime landscape. “The The post Loss prevention more relevant then ever, argues IUMI appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here At its annual conference in Singapore, the International Union of Marine Insurance (IUMI) reported a shift in the global offshore energy insurance landscape. Premiums for the sector declined in 2024, totalling USD4.34 billion, representing a The post Mixed outlook for offshore energy insurance, says IUMI appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Today, in Singapore at the International Union of Marine Insurance (IUMI) annual conference, Ilias P. Tsakiris, Chair of the IUMI Ocean Hull Committee, explained that the ocean hull market is returning to a “soft environment”. The post IUMI highlights challenging hull marine insurance market and elevated risk appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Underwriters insuring inland craft, fishing vessels and yachts report a general market soundness, with all but a few exceptions, after a tumultuous decade. But as always, facing unexpected weather, economic and political uncertainty - and The post Inland hull, fishing vessel and yacht insurers report general market soundness, however challenges remain ahead appeared first on IUMI.| IUMI
The Global Marine Insurance Report 2025 was presented to the annual conference in Singapore in September 2025. It contains the bulk of IUMI’s statistical analysis for data collected throughout the year and pertaining to 2024. Information includes global premiums and loss ratios for Hull, Cargo, Offshore Energy and P&I (excluding IG) lines of business.| IUMI
International Union of Marine Insurance| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here At this week’s International Union of Marine Insurance (IUMI) annual conference in Singapore, Neil Roberts, Chair of IUMI’s Policy Forum, reaffirmed that maritime safety, environmental protection and crew remain central to the organisation’s policy agenda. The post Maritime safety, environmental protection and crew remain core priorities for IUMI appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Artificial Intelligence (AI) is set to transform the marine insurance sector, presenting both significant opportunities and pressing challenges. This was the key message delivered today at the International Union of Marine Insurance (IUMI) annual conference The post AI creates transformational opportunities for marine insurers but challenges remain appeared first on IUMI.| IUMI
Statistics Safe decarbonisation and alternative fuels Your Content Goes Here Loss ratio triangulations for cargo, hull and offshore energy are available to download in Excel format. these data tables complement the our Global Marine Insurance Report: Loss Ratio Triangulations for Hull, Cargo and Offshore Energy 2024 The post Loss Ratio Triangulations appeared first on IUMI.| IUMI
Statistics Safe decarbonisation and alternative fuels Your Content Goes Here Download the data tables with additional detailed data to he Global Marine Insurance Report in Excel format. Global premiums 2014-2024 are given here: Global Marine Premiums 2014-2024 by country (Members Only) The post Global Premiums 2014-2024 appeared first on IUMI.| IUMI
Annual Conference Singapore 2025 Download the presentations from the 2025 Singapore conference Singapore 2025 Presentations Singapore 2025 Introduction of the Common Theme by IUMI President Frederic Denefle IUMI Secretary General's report by Lars Lange President’s introduction Re-Globalization The post Annual Conference: Singapore 2025 appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Marine insurers must take an active role in eradicating sexual misconduct at sea, delegates at the International Union of Marine Insurance (IUMI) annual conference in Singapore heard today. Moderating the Legal & Liability Workshop, Charles The post Marine insurers must play a role in eradicating sexual misconduct at sea appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Today, the International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its annual conference in Singapore. The global marine insurance premium base for 2024 was reported as The post Steady insurance markets for hull and cargo in 2024 but offshore energy business is challenged. Headwinds loom for all markets, reports IUMI. appeared first on IUMI.| IUMI
Press release Safe decarbonisation and alternative fuels Your Content Goes Here Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector. Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI President Frédéric Denèfle warned that marine The post Globalisation slowdown heralds “brave new world” for marine insurance, warns IUMI President appeared first on IUMI.| IUMI
Masterclass Safe decarbonisation and alternative fuels Singapore, 14-17 April 2026 The registration is now open. Please click below. Register now This unique qualification programme has been designed by cargo insurance specialists to offer an exclusive opportunity to deep dive into key concepts of this class The post Masterclass Cargo insurance: April 2026 – Singapore appeared first on IUMI.| IUMI
Webinar Safe decarbonisation and alternative fuels Your Content Goes Here The Blue Visby Solution is an initiative addressing a major carbon inefficiency in maritime operations: "Sail Fast, Then Wait" (SFTW). By replacing SFTW with a coordinated, systemic approach, the Blue Visby Solution enables ships to reduce The post The Blue Visby Solution and its Contribution to Maritime Decarbonisation appeared first on IUMI.| IUMI
In 2023, the International Union of Marine Insurance (IUMI) published a set of best practice and recommendations for the safe carriage of electric vehicles. This was part of its ongoing support of loss prevention guidance to the global marine insurance and shipping sectors. The association has – today – published an updated version titled “Risk mitigation for the safe ocean and short-sea carriage of electric vehicles”.| IUMI
Position papers Safe decarbonisation and alternative fuels Your Content Goes Here Download here from 3 September 2025: Risk mitigation for the safe ocean and short-sea carriage of electric vehicles The post Best practice paper update: Risk mitigation for the safe ocean and short-sea carriage of electric vehicles appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels We publish a comprehensive newsletter four times a year containing a range of articles on marine insurance related issues, relevant regulation, new innovations and IUMI news. Read our news here or sign up to The post IUMI Eye Newsletter September 2025 appeared first on IUMI.| IUMI
Podcast Safe decarbonisation and alternative fuels Your Content Goes Here In our latest podcast we turn the spotlight on the Indian Marine Insurance market and we are joined by: Pratibha Jadav, Consultant at General Insurance Council of India Sujoy Maitra, Vice President & Head – Marine The post The Indian marine insurance market appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By Frédéric Denèfle, IUMI President The latest US administration’s tax regime on imported goods, introduced earlier this summer, is now fully in effect. These newly implemented tariffs have lifted part of the uncertainty that had The post A shifting global trade landscape appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here The China Merchants Group and co-organised by the Hong Kong Transport and Logistics Bureau, BIMCO, ISC and HKSOA. With the aim of deepening mutual understanding in global shipping, the Forum helps to shape a more The post World Maritime Merchants Forum (WMMF) appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Neil Roberts, Head of Marine and Aviation, Lloyd’s Market Association and Chair of the IUMI Policy Forum The Egyptian economy is in trouble. As result of the Houthis targeting commercial shipping, Suez transits and The post The Egyptian Question appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here When we launched IUMI EYE back in April 2013, none of us could have imagined that our modest two-page newsletter would grow into the widely read, highly respected publication it is today. Yet here we The post 50 editions of IUMI EYE and counting! appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Richard Neylon, Partner and Bea Bray, Associate, HFW, an IUMI Professional Partner The Houthis, a Yemeni group who strongly oppose the Gaza war and Israel's invasion of the Gaza strip, first began attacking commercial The post To transit or not to transit? appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here Since 2020, IUMI has offered two bursaries on the Marine Insurance Law & Practice Postgraduate Diploma course at the World Maritime University (WMU). Our bursaries cover 75% of the tuition fees and are awarded to The post IUMI awards two WMU bursaries appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here Congratulations to four recent candidates who have successfully passed the IUMI Tutorial examinations: Jo Sato, Sompo, Japan: Cargo Exam March 2025 Alex Jones, RSA, UK: Hull Exam March 2025 Maurizio Parodi, SIAT Società Italiana Assicurazioni The post Congratulations! appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here We are delighted to welcome Ambrey Analytics, Atlantis International Services, Idwal, AlSuwaiket and AlBusaiyes Lawyers and Legal Consultants (SB) and RELY Marine & Energy Experts as IUMI Professional Partners Ambrey Analytics Insight-Led. Data-Driven. Human-Focused. Ambrey The post IUMI welcomes five new Professional Partners appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Maria Borg Barthet (Director) and William Stansfield (Managing Associate), Campbell Johnston Clark, an IUMI Professional Partner The law of limitation in England is primarily governed by the Convention on Limitation of Liability for Maritime The post Recent developments in the law of limitation appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here In this edition we spend some time with Stephan Hennig who is the UK Secretary of State’s Representative for Maritime Salvage and Intervention (SOSREP) For those not familiar with the role of SOSREP, can you The post People at IUMI: Q&A with Stephan Hennig, UK SOSREP appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Farah Bukhari, Senior Data Analyst, Concirrus, an IUMI Professional Partner Artificial intelligence (AI) is no longer on the horizon - it’s here, and its presence in marine insurance is only set to grow. Yet The post Unlocking the power of AI in marine insurance: From data to actionable insight appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here As we return to Singapore for our annual conference, we engage in conversation with Ho Kai Weng who is CEO of the General Insurance Association of Singapore, our host for this year’s event. For those The post People at IUMI: Q&A with Ho Kai Weng appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Ole Jørgen Eikanger, CEO, Instech Solutions AS, an IUMI Professional Partner Have you used a vendor to provide Artificial Intelligence (AI)-generated risk modelling and pricing based on your portfolio? Were the results unexpected? Could The post New AI tools – are the results as expected? appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Hendrike Kühl, Policy Director, IUMI The annual IACS-IUMI Technical Meeting presents an excellent opportunity for IUMI to raise safety issues which ought to be considered by classification societies, and for the IACS classes to The post Collaboration in focus: IACS – IUMI Technical Meeting appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Julian Kirkman-Page, Head of Business Development, Russell Group, an IUMI Professional Partner Not since the days of the Cold War has geopolitics been so front of mind for businesses, insurers and governments. With the The post Geopolitics in a brave new world appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here At July’s IMO Sub-Committee on Implementation of IMO Instruments (III) our Secretary General, Lars Lange - who is also Chair of IQARB – presented on the work and ongoing activities of this important group. Lars The post International Quality Assessment Review Body (IQARB) appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Emily Lepore, Claims Analyst, Verisk, an IUMI Professional Partner The collapse of the Francis Scott Key Bridge in 2024 was an unusual but profoundly impactful moment for the marine insurance world. After a power The post When infrastructure fails: Rethinking marine and specialty risk after the Baltimore Bridge collapse appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Mohamed H. Farghaly, Managing Director and CEO, Suez Canal Insurance and a member of the IUMI Loss Prevention Committee Heat damage to agricultural cargoes continues to generate costly claims in marine insurance, despite being The post Preventing heat damage to agricultural cargoes: Reducing avoidable claims through better fuel management appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Sijian Xin, General Manager and Qingyi Ning, Manager of Risk Consulting Department, Frad Risk Management, an IUMI Professional Partner There's a fundamental divergence in objectives between insured parties and the insurance industry regarding shipping The post Packaging redesign and increased cargo damage appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Tiffany Loh, Marine Claims Technical Manager, QBE Insurance and a member of the IUMI Loss Prevention Committee In recent years, flexitanks have emerged as an increasingly popular solution for transporting bulk liquid cargoes, offering a cost-effective, The post Reliable liquid transport for a safer supply chain appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Jeremy Domballe, Associate Director – Product Management, S&P Global Market Intelligence, an IUMI Professional Partner There has been an increase in cases where digital identity manipulation has been occurring, giving rise to what is The post Use of “zombie” ships appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Raymon Van Anrooy, Senior Fisheries Industry Officer, Food and Agriculture Organization of the United Nations (FAO) Marine insurance has long safeguarded the world's cargoes, hulls, and ports—but one of the largest ocean-dependent sectors remains The post Unlocking opportunities: Why insuring small-scale fisheries makes sense appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Samuel A. Markov, Director, ARM Services S.A., an IUMI Professional Partner. The marine insurance sector is undergoing a significant transformation as it adapts to increasingly complex global risks and rapid technological change. Traditional risk The post Evolving risk assessment in marine insurance appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Hendrike Kühl, Policy Director, IUMI Burning car carriers appear to be a regular sight on the news these days. In response to these regular and worrying incidents, IUMI published the first iteration of a The post Navigating EV shipping risks: IUMI updates best practice paper appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Amaury Muller, Senior Claims Handler, BARBUSS, an IUMI Professional Partner Here we explain how a time-barred complex cargo claim was successfully settled. An energy storage container was being transported from China to Chile and The post Beyond the time limit appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: Hendrike Kühl, Policy Director, IUMI In the broader ESG (Environmental, Social, Governance) debate, it is often noted that environmental issues dominate the agenda; sometimes at the expense of social and governance concerns. This imbalance The post Underwriting with eyes open: What marine insurers should know about modern slavery. appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By: L. Levesque, CL SURVEYS, an IUMI Professional Partner Freight diversion fraud is a rapidly evolving and systemic threat within European logistics, exploiting technical weaknesses, organizational flaws, and cyber vulnerabilities across subcontracting chains and digital The post The rising sophistication of freight diversion fraud appeared first on IUMI.| IUMI
Newsletter Safe decarbonisation and alternative fuels Your Content Goes Here By Lars Lange, Secretary General, IUMI The IMO’s Maritime Safety Committee met for its 110th session from 18-27 June 2025. It was the last meeting chaired by Maite Medina from the USA. Lars Lange, IUMI The post Update on the 110th session of the IMO Maritime Safety Committee (MSC 110) appeared first on IUMI.| IUMI
Telematics is reshaping the marine insurance landscape and advanced data collection via sensors and GPS tracking continues to become more common, allowing insurers to gain valuable insights into vessel operations, known risk patterns and more.| IUMI
From payer to partner: Rethinking risk| IUMI
This case study examines a complex maritime claim involving cargo contaminated with iron particles, discovered weeks after delivery without formal carrier protest. Initially perceived as irrecoverable due to lack of immediate damage detection and clean loading certificates, the case was revitalised through expert analysis and strategic arbitration.| IUMI
For too long, the insurance industry has positioned itself as a financial responder—stepping in only after losses occur. In Latin America and beyond, this reactive posture has become the norm. Risk is measured, priced, and transferred—but rarely managed in partnership with the insured. This approach is no longer sustainable.| IUMI
On April 17, 2025, the United States Trade Representative (“USTR“) announced new fees and trade restrictions under Section 301 of the Trade Act of 1974. These measures, effective from 14 October 2025, will impact Chinese maritime and shipbuilding sectors and foreign-built vehicle and LNG carriers. As at the time of writing, these measures do not appear to be impacted by any further rulings on tariffs by the U.S. Court of International Trade, including the 28 May 2025 ruling.| IUMI
The influential and trusted voice of global marine insurance| IUMI
The maritime shipping industry is undergoing a significant transformation in 2025, driven by advancements in artificial intelligence (AI). In fact, recent data estimates that the maritime AI market is valued at over $4 billion, with a projected growth rate of 23% over the next five years. These innovations are enhancing operational efficiency, sustainability, and worker safety both onboard the vessels and within the terminals. Most importantly, AI advancements are providing new solutions to s...| IUMI