by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
by AIP Online Bureau | Sep 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Cargo premiums increased in most markets, with China leading the growth in 2021. China now accounts for 14% of the cargo market, with the UK (Lloyd’s of London and the International Underwriting Association) having a 12.2% market share. With 2021 claims starting at a...
by AIP Online Bureau | May 31, 2022 | Eco/Invest/Demography, Interviews, Non-Life, Pandemic, Policy, Regulation, Technology
Amitabh Kumar, IRS, Director General of Shipping Hosted by the General Insurance Council, International Union of Marine Insurance(IUMI) will hold its Asia Forum 2022 in Mumbai during June 1-2, On the occasion of this international event, Amitabh Kumar, IRS, Director...
by AIP Online Bureau | May 23, 2022 | Articles, Non-Life, Reinsurance, Risk Management
Hosted by General Insurance Council, International Union of Marine Insurance(IUMI) to hold its Asia Forum 2022 in Mumbai during June 1-2, indeed a proud moment for the Indian insurance industry R Balasundaram As we take off our masks and say ‘Good riddance’ to...
by AIP Online Bureau | Nov 18, 2021 | International News, Non-Life
IUMI Stats contains analysis from its major claims database which now comprises 9000 claims records amounting to $14Bn of major losses. Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30 billion, demonstrating real global market...
