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Tuesday, October 16, 2018

Insurers voice their concerns over manning crisis

Attracting a near record attendance, the International Union of Marine Insurers (IUMI) meeting this year in Copenhagen (9-12 September 2007) had as its theme "Marine Insurance – the Technical, Financial and Human Challenge".


The plenary and workshop sessions included considerable debate on the increase in marine claims resulting from human errors on ships, the general problems resulting from training and experience gaps across the maritime industries and the specific difficulties associated with attracting experienced professionals into the insurance and survey professions.


Other sessions included discussion of the impacts of the sub-prime credit squeeze crisis, Solvency II - predictive modelling in particular of catastrophic events, technical and environmental challenges facing the shipping industries, developments in international and regional legislation, and a review of recent incidents and claims.


In associated meetings, there was discussion of the possibilities of, and the impediments to, the additional exchange of information among the different international representative bodies on incidents and their causes, and possible means for improving the reporting of same.


Further summaries of the meeting and copies of the presentations will be available shortly on the IUMI website, (, which provides a good source of information on the insurance industry, fleet and claim developments, and on IUMI itself.


Contact: Peter Swift