International Union of Marine Insurance

The International Union of Marine Insurance e.V. (IUMI) is a non-profit association established for the purpose of protecting, safeguarding and advancing insurers' interests in marine and all types of transport insurance. It also provides an essential forum to discuss and exchange ideas, information and statistics of common interest for marine underwriters and in exchange with other marine professionals. IUMI currently represents over 40 national and marine market insurance and reinsurance associations. IUMI’s roots date back to 1874. Source: LinkedIn

Marine insurance rises 1.5% in 2024

Marine insurance rises 1.5% in 2024

This was driven by higher trade volumes and vessel values.

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Cargo premiums rise 1.6% to $22.64b in 2024

The largest growth came from China.

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Ocean hull premiums grow as fleet value climbs to $1.54t

Asia-Pacific accounted for 35% of market premiums.

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Marine insurers urged to tackle modern slavery risks: IUMI

Modern slavery affects an estimated 28 million people.

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How did marine insurance premiums fare in 2023?

Europe and Asia showed strong development in the cargo insurance market.

In Focus

International Union of Marine Insurance release advice on proper handling of EVs

The report is to advise on early fire detection and quick solutions.

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Global cargo insurance premiums reached $17.2b in 2020

Outlook for 2021 however looks bleak.

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