Εκπαιδευτικό σεμινάριο υψηλού επιπέδου της IUMI για την ασφάλιση μεταφερόμενων εμπορευμάτων στο Λονδίνο
Με εγκύκλιό της η Ένωση Ασφαλιστικών Εταιρειών ενημερώνει τα μέλη της ότι το επόμενο εκπαιδευτικό σεμινάριο υψηλού επιπέδου της IUMI για την ασφάλιση μεταφερόμενων εμπορευμάτων (Cargo) θα πραγματοποιηθεί στο Λονδίνο από τις 15 έως τις 18 Οκτωβρίου 2024.
Το εκπαιδευτικό αυτό σεμινάριο έχει δημιουργηθεί από ειδικούς στις ασφαλίσεις μεταφερόμενων εμπορευμάτων με στόχο να διευρύνει τις γνώσεις και την εμπειρία των συμμετεχόντων και απευθύνεται σε ανώτερα στελέχη εταιρειών. Περιλαμβάνει έξι ενότητες, τις οποίες διδάσκουν ειδικοί του κλάδου, workshops και ομαδικές ασκήσεις, καθώς και επίσκεψη στους Lloyd’s του Λονδίνου.
Η γραμματεία της IUMI ενημερώνει ότι υπάρχει ήδη η δυνατότητα δήλωσης συμμετοχής στο σεμινάριο.
Αναλυτικές πληροφορίες σχετικά με το πρόγραμμα σπουδών, τους υπεύθυνους μαθημάτων, το κόστος και τη φόρμα αίτησης μπορείτε να βρείτε εδώ.
IUMI launches new Masterclass in Cargo Insurance
The International Union of Marine Insurance (IUMI) is introducing a new Masterclass in Cargo Insurance. The programme will take place in London in March 2023 and will have a strong focus on key principles and practices of cargo insurance. It is IUMI’s first in-person training course.
Designed to deliver an advanced level of learning, the course has been created by cargo insurance experts to widen participants’ understanding and expertise in this field. IUMI’s Masterclass in Cargo Insurance is aimed at senior underwriters and executives who want to expand their knowledge of their own business. Individuals involved in the management of the cargo book of business that their insurers write will benefit most from the course.
The Masterclass in Cargo Insurance comprises five modules taught by industry experts with outstanding expertise in their respective fields.
“The Masterclass in Cargo Insurance is an excellent tool to enable practitioners to deep dive into key concepts of their line of business. It also offers a terrific opportunity to network with industry peers and to explore the characteristics of the London market,” said Sanjiv Singh, Education Forum Chair and Head, Marine & Specialty lines, General Insurance Council, Mumbai, India.
Breakout workshops and group exercises will see the participants take an active role to expand their learning and the view of the global cargo insurance business. A trip to Lloyd’s of London will enable delegates to explore the market’s history and meet with senior representatives from the Lloyd’s Market Association and Joint Cargo Committee. Two evening events will offer further opportunities for networking.
IUMI reports rising cargo insurance premiums
The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios.Speaking at this year’s Chicago conference, Isabelle Therrien, Chairperson of the IUMI Cargo Committee said:
“The cargo market has shown growth in 2021 partly due to a rise in the volume of cargo shipped globally combined with the pricing corrective measure still prevalent in that underwriting year. The much-needed correction has yielded favourable underwriting performance. However, the industry is still facing headwinds as the global supply chain remains volatile and is still dealing with the aftershock of the pandemic while now adding inflationary pressures to the mix.”
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 low level due to subdued activity in 2020, loss ratios continue to improve in all markets.
She noted that companies are redesigning and diversifying their supply chains with concepts such as near-shoring, reshoring and friendly-shoring gaining in traction. These developments have the potential to change risk profiles in cargo insurers’ portfolios.
Isabelle Therrien added:
“The pandemic has shown that factors such as stability and reliability when it comes to supply chains, are key to product availability. Our assureds are now also looking at different logistics, transportation and insurance solutions to manage this constantly evolving risk.”
IUMI reports rising cargo insurance premiums
The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios.Speaking at this year’s Chicago conference, Isabelle Therrien, Chairperson of the IUMI Cargo Committee said:
“The cargo market has shown growth in 2021 partly due to a rise in the volume of cargo shipped globally combined with the pricing corrective measure still prevalent in that underwriting year. The much-needed correction has yielded favourable underwriting performance. However, the industry is still facing headwinds as the global supply chain remains volatile and is still dealing with the aftershock of the pandemic while now adding inflationary pressures to the mix.”
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 low level due to subdued activity in 2020, loss ratios continue to improve in all markets.
She noted that companies are redesigning and diversifying their supply chains with concepts such as near-shoring, reshoring and friendly-shoring gaining in traction. These developments have the potential to change risk profiles in cargo insurers’ portfolios.
Isabelle Therrien added:
“The pandemic has shown that factors such as stability and reliability when it comes to supply chains, are key to product availability. Our assureds are now also looking at different logistics, transportation and insurance solutions to manage this constantly evolving risk.”Source: IUMI