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At the forefrontof marine risk
About IUMIThe International Union of Marine Insurance (IUMI)is the influential, trusted and unified voice of the globalmarine insurance market. We represent around 45national and marine market insurance and reinsuranceassociations, and through their respective memberships we cover more than 90 per cent of the world’smarine insurance premium.We are a professional body, headquarteredand registered in Hamburg, and run by ourmembers for our members. We trace ourroots to 1874 and are proud to be the world’soldest insurance industry association.With over 100 acting technical committeemembers, 20 IUMI Professional Partners(IPPs) and 19 affiliates, we provide a uniqueplatform for the exchange of ideas, marketinformation and best practice, enhancing theindustry’s professionalism and standardsacross the globe.Membership of IUMI brings a rangeof benefits including:As an accredited non-governmentalorganisation we protect and advance theinterests of our members through ourrepresentation at many national, regionaland international bodies such as theInternational Maritime Organization andthe European Union.In 2016 we established the IUMI Asia hubin Hong Kong to deliver enhanced visibilityand support to this important marineinsurance region.— An industry voice— Lobbying/advocacy— Statistics— Information— Education— Access to all regions— Networking/conferences
Our industry is undergoing a period of change influenced by the political, economic and technologicallandscape. Digitalization and cyber security willseriously impact the future of shipping and logistics.Environmental, social and governance issues areincreasingly relevant on the corporate agenda, butare we prepared? We must work together, to shareknowledge and expertise, to help us all understandthe emerging challenges and opportunities thatwe will inevitably face. A particular strength of IUMIis its ability to bring the marine insurance sectortogether to speak with a coherent and unified voice –and to be heard.Richard TurnerIUMI PresidentAn industry voiceInternational Union of Marine Insurance
We enjoy a pivotal role as part of a wider network ofmaritime and insurance interests and work closely withthem to identify and monitor framework related issuesrelevant to the global marine insurance industry. Thisallows us to influence opinions and propose possibleactions where appropriate.Recent engagement has included the call for improvedfirefighting systems on board container vessels; jointcooperation with maritime industry associations todevelop and constantly update cyber guidelines forships; and initiatives to help prevent cargo theft prevention. Furthering our members’ interests lies at the heartof all we do and we will continue to argue effectively onthe issues that are relevant to marine insurance.Helle HammerIUMI Policy Forum Chairperson and Managing DirectorCefor, Oslo, NorwayLobbying/advocacyInternational Union of Marine Insurance
StatisticsIUMI’s Facts & Figures Committee produces statisticaldata on the marine insurance sector twice a year. Thismaterial is widely acknowledged as the most comprehensive and accurate source of information available.The IUMI Stats report, published every autumn,presents a range of statistical data, including IUMI’sown data, to give key metrics and trends coveringglobal underwriting premiums; marine, hull andoffshore energy status reports; and more general fleetand cargo statistics. The latest addition is a sectionon IUMI’s major claims project, an analysis of largecargo claims from more than 20 member associations.Our reports are used across the industry to assist withdecision making and risk analysis.Philip GrahamIUMI Facts & Figures Committee Chairpersonand Head of Marine, Chaucer Syndicates Ltd,London, United Kingdom
International Union of Marine InsuranceOur quarterly publication – IUMI Eye – is a round-up of all the latestinformation relevant to marine insurance and is a mix of technical,regulatory and more general industry articles. It has developed into amust-read newsletter for our members and others with an interest inour sector.At our annual conference, spread over three days, we deliver tenworkshops that give members the up-to-date position on a rangeof topical issues. This widens their knowledge and enhances theirrisk profiling activities. Remaining current in a constantly changingindustry is a challenge but having access to our conferenceworkshops and the materials produced gives our members a definiteadvantage.At IUMI we believe in the benefits of knowledge sharing. We havecreated a search function within our website that allows users tosearch for interesting and relevant documents and digital content.This database contains the most comprehensive expert knowledgepool on marine insurance topics globally.Lars LangeIUMI Secretary GeneralHamburg, GermanyInformationIn the ever-changing marine insurance industry our members rely onIUMI’s Policy Agenda as their “go-to” guide setting out the relevantissues currently facing our sector. The compilation of major issueshighlights and summarises all the key topics and gives IUMI’s currentposition.
The Big Data and Digitalization Forum comprisesmarine insurance professionals from different linesof business, IUMI Professional Partners active in thedigital space and data analytics, and representativesfrom technology market leaders to ensure a broadrange of views are represented. This rich pool offorward-looking experts offers inspiration and out-ofthe-box thinking for the digital era in marine insurance.Patrizia KernIUMI Data and Digitalization Forum Chairperson andHead Marine, Swiss Re Corporate Solutions, Zurich, SwitzerlandData and DigitalizationDigitalization is a unique opportunity to transformthe marine insurance industry and will help to propelthe scope of effective risk management to a newlevel. IUMI’s Big Data and Digitalization Forum wasestablished to reflect the growing importance of newtechnologies, to raise awareness and share information about key trends and opportunities arising inthis sphere. IUMI has a responsibility toward the nextgeneration of marine underwriters and to put them inthe best possible position to leverage these new possibilities and to equip them for the future.
Educating our people, particularly newcomers, iscritical to the future success and prosperity of themarine insurance industry. Education is a core missionof IUMI and we have distilled our activities into fiveareas: regular webinars; online tutorials; in-classinstruction; awareness building of national educational programmes; and the creation of an interactiveeducation database. The practical tools and trainingprogrammes we are now offering – or developing – willhelp our niche marine sector to retain and grow itstalent. Our partnership with the World Maritime University further enhances the scope of our educationefforts.John MiklusIUMI Education Forum Chairperson andPresident, American Institute of Marine Underwriters,New York, United States of AmericaEducationInternational Union of Marine Insurance
Selina LauIUMI Education Forum and Chief Executiveof the Hong Kong Federation of Insurers, Hong KongAccess to all regionsIUMI is an international organisation with membersfrom across the world. Recently, we have takensignificant steps to bridge the gap and enhanceconnectivity between regions to encourage sharingof knowledge and best practice. Of particular note isthe creation of our Asian hub in Hong Kong – markingthe first permanent presence for IUMI outside ofEurope. The annual Asia Forum has developed intoanother IUMI flagship event offering visibility in thegrowing Asian markets and to move IUMI closer to ourmembers and partners in this region.
IUMI is a hugely successful platform for networkingdelivered through its association activities and also itsannual conference and Asia forum. Regarded as themarine insurance event of the year, the annual conference attracts more than 500 delegates and numeroushigh calibre speakers and panellists deliveringpresentations on highly topical market issues. Bringingtogether like-minded professionals from around theglobe with a common cause, IUMI conferences areworld renowned for raising and debating key issuesand facilitating unparalleled networking opportunities.Mike BrewsIUMI Cargo Committee Member and 2018 Annual ConferenceOrganising Committee Chairperson, Cape Town, South Africa, andUnderwriting Manager, Horizon Underwriting ManagersNetworkingInternational Union of Marine Insurance
Based on the many initiatives and expectationsconcerning ESG issues and how this is being handledby marine insurers, IUMI plays an important role byfacilitating a dialogue within the IUMI membership andaddressing IUMI members’ position on ESG issuestowards public stakeholders, authorities and industrypartners.Hendrike KühlPolicy Director, IUMI, Hamburg, GermanyEnvironmental, Social andGovernance (ESG) issuesThere is, rightfully, a growing importance beingattached to a forward-looking and sustainablebusiness conduct across all industries, includinginsurance. Marine underwriters increasingly takeenvironmental, social and governance (ESG) factorsinto consideration in their decision-making and operational processes. This often results in a rethinkingof corporate targets and responsibilities which gobeyond the core business and which fully incorporatesustainability.
How to become an IUMI MemberOrdinary membership is limited to national and marketmarine insurance associations. In the absence ofsuch associations, similar bodies acting in the samecapacity as national/market marine insurance associations may also be eligible for membership.New IUMI member associations are elected oncea year by the IUMI Council during the IUMI annualconference in September. Applications should bemade in advance through the IUMI Secretariat.The annual membership fee is determined by theamount of marine insurance premium written in therespective market on an annual basis.Annual marine insurance premiums (USD)Annual membership (EUR)*Tier 4 100 m4,210Tier 3100 m – 250 m6,260Tier 2250 m – 500 mTier 1500 m 7,40013,470* as of 2021All four tiers have the same full membershiprights, including:1. Entitlement to attend IUMI conferences.2. Access to password protected areaof the IUMI website.3. Access to IUMI statistics.4. Access to the IUMI database.5. Participation in IUMI’s educationprogramme at preferential fees andconditions.6. Voting rights at IUMI Council meetings.7. Entitlement to nominate candidates for theIUMI Technical Committees.8. Eligibility to join the IUMI ExecutiveCommittee.9. Benefits from IUMI’s exclusive network,including IUMI Affiliates and ProfessionalPartners.
IUMI Associate MembershipIn addition, IUMI also offers an “Associate Membership”. This category is intended for associationsconsidering joining IUMI as a full member.This membership allows an association to join IUMIas an Associate Member for a period of up to threeyears at a reduced fee of EUR 1,000 per annum, withlimited membership rights. During this three-yearperiod the Associate Member can learn more aboutIUMI and its advantages and then transition into fullmembership.Please contact the IUMI Secretary General for furtherinformation.ContactIUMIInternational Union of Marine Insurance e.V.Grosse Elbstrasse 3622767 Hamburg, GermanyTelephone 49 40 2000 747-0info@iumi.comLars LangeSecretary GeneralHendrike KühlPolicy DirectorCorinna WintjenExecutive AssistantJoin nowiumi.com
InternationalUnion ofMarine Insuranceiumi.com
The International Union of Marine Insurance (IUMI) is the influential, trusted and unified voice of the global marine insurance market. We represent around 45 national and marine market insurance and reinsurance associations, and through their respective member - ships we cover more than 90 per cent of the world's marine insurance premium.
