International Union of Marine Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/international-union-of-marine-insurance/ Wed, 24 Sep 2025 03:48:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Bedrock of offshore energy market facing structural threat from technology amid underwriting disquiet https://insuranceasianews.com/bedrock-of-offshore-energy-market-facing-structural-threat-from-technology-amid-underwriting-disquiet/ Tue, 23 Sep 2025 23:30:32 +0000 https://insuranceasianews.com/?p=200495 Statistics show that offshore energy premiums declined to US$4.34bn in 2024, representing a 7.9% fall compared with the previous year.

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Aside from the lengthy discussions over the impact of geopolitical risks on the global marine insurance sector, the International Union of Marine Insurance’s (IUMI) annual conference earlier this mont...

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]]> 3 takeaways from Singapore as marine market braces for a new era of global trade https://insuranceasianews.com/3-takeaways-from-singapore-as-marine-market-braces-for-a-new-era-of-global-trade/ Sun, 14 Sep 2025 23:30:09 +0000 https://insuranceasianews.com/?p=199811 Marine premiums, globalisation and energy dominated discussions at the annual International Union of Marine Insurance (IUMI) conference in Singapore last week.

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Over 700 marine insurers headed to Singapore last week for the annual International Union of Marine Insurance (IUMI) conference.
With a packed agenda over its four days, the event covered a broad rang...

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]]> Cargo market urged to focus with entire landscape under threat as US tariffs ‘make everybody nervous’ https://insuranceasianews.com/cargo-market-urged-to-focus-with-entire-landscape-under-threat-as-us-tariffs-make-everybody-nervous/ Wed, 10 Sep 2025 23:30:48 +0000 https://insuranceasianews.com/?p=199672 Cargo committee chair Mike Brews delivered the warning on the final day of the International Union of Marine Insurance’s (IUMI) annual conference in Singapore.

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Cargo insurers have been told not to lose focus on the risks on which the sector has been built, as the looming issue of tariffs dominated discussions at this week's International Union of Marine Insu...

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]]> Global offshore energy premiums declined 7.9% to US$4.34bn in 2024: IUMI https://insuranceasianews.com/global-offshore-energy-premiums-declines-7-9-to-us4-34-billion-in-2024-iumi/ Wed, 10 Sep 2025 09:52:54 +0000 https://insuranceasianews.com/?p=199689 Reduction was most pronounced in the European market, while Japan, Malaysia, and Egypt reported stable-to-downward trends, the International Union of Marine Insurance (IUMI) reported at its annual conference in Singapore this week.

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Premiums for the global offshore energy insurance sector declined by 7.9% year-on-year in 2024 to US$4.34 billion, the International Union of Marine Insurance (IUMI) reported at its annual conference ...

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The post Global offshore energy premiums declined 7.9% to US$4.34bn in 2024: IUMI appeared first on InsuranceAsia News.

]]> Marine insurers warned of never-before-seen challenge, geopolitics changing landscape overnight as IUMI opens in Singapore https://insuranceasianews.com/marine-insurers-warned-of-never-before-seen-challenge-geopolitics-changing-landscape-overnight-as-iumi-opens-in-singapore/ Mon, 08 Sep 2025 23:30:15 +0000 https://insuranceasianews.com/?p=199485 International Union of Marine Insurance’s (IUMI) annual conference kicked off on Monday in Singapore, with president Frédéric Denèfle and Singapore's minister of state for transport Baey Yam Keng addressing delegates.

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Geopolitical risk dominated the opening day of the International Union of Marine Insurance’s (IUMI) annual conference on Monday as 800 delegates gathered in Singapore.
The ongoing threats posed by the...

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The post Marine insurers warned of never-before-seen challenge, geopolitics changing landscape overnight as IUMI opens in Singapore appeared first on InsuranceAsia News.

]]> Asean trio top IUMI’s emerging ‘wish list’ ahead of Singapore conference https://insuranceasianews.com/asean-trio-top-iumis-emerging-wish-list-ahead-of-singapore-conference/ Mon, 01 Sep 2025 23:30:13 +0000 https://insuranceasianews.com/?p=198523 International Union of Marine Insurance (IUMI) secretary general Lars Lange also discusses addressing emerging risks from geopolitics, technology, and sustainability as the industry gathers for the annual conference.

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Vietnam, Indonesia and Thailand top a "wish list" of emerging markets being eyed by the International Union of Marine Insurance (IUMI), secretary general Lars Lange told InsuranceAsia News' Between Th...

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]]> Where there’s smoke, there’s fire: as enhanced EV risks rise, insurers urged to find ‘viable solutions’ with demand set to grow https://insuranceasianews.com/where-theres-smoke-theres-fire-as-enhanced-ev-risks-rise-insurers-urged-to-find-viable-solutions-with-demand-set-to-grow/ Mon, 25 Aug 2025 23:30:42 +0000 https://insuranceasianews.com/?p=198221 Marine insurers are growing increasingly concerned over the risk posed by the transportation of electric vehicles and lithium-ion batteries.

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As underwriters prepare to head to Singapore for the International Union of Marine Insurance's (IUMI) annual conference next month, the organisation is set to use the event to launch a paper exploring...

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The post Where there’s smoke, there’s fire: as enhanced EV risks rise, insurers urged to find ‘viable solutions’ with demand set to grow appeared first on InsuranceAsia News.

]]> Rising risks redefine marine insurer-clients relationships: IUMI’s Lars Lange https://insuranceasianews.com/rising-risks-redefine-marine-insurer-clients-relationships-iumis-lange/ Sun, 17 Aug 2025 23:30:23 +0000 https://insuranceasianews.com/?p=197672 As the industry body prepares to host their annual conference in Singapore, sanctions and geopolitical risks continue to dominate concerns for carriers.

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As over 500 delegates from 36 countries across the world prepare to head to Singapore for the International Union of Marine Insurance’s (IUMI) annual conference next month, the organisation’s secretar...

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The post Rising risks redefine marine insurer-clients relationships: IUMI’s Lars Lange appeared first on InsuranceAsia News.

]]> As Trump plays a ‘treacherous trade game’, tariffs solve nothing, leading underwriter says https://insuranceasianews.com/as-trump-plays-a-treacherous-trade-game-tariffs-solve-nothing-leading-underwriter-says/ Wed, 12 Feb 2025 23:30:39 +0000 https://insuranceasianews.com/?p=176019 Sean Dalton, vice president of the International Union of Marine Insurance (IUMI), says the rising risks of an all-out trade war between the US and China are a huge concern for insurers and clients.

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As the trade war between the United States and China continues to escalate, one leading marine underwriter has said trade conflicts would benefit no one, with the rising risks of an all-out confrontat...

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]]> Taiwan concern remains for marine insurers, says IUMI, amid rising geopolitical risks https://insuranceasianews.com/taiwan-concern-remains-says-iumi-amid-rising-geopolitical-risks/ Wed, 05 Feb 2025 23:30:02 +0000 https://insuranceasianews.com/?p=175208 President Frédéric Denèfle and policy committee chair Neil Roberts address the pressing issues facing global maritime trade, including Red Sea transits following the recent ceasefire in Gaza.

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Marine insurers are continuing to monitor the situation in the Taiwan Strait, citing it as the latest in a growing number of geopolitical risks to global maritime trade.
Speaking in London at this wee...

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