Claim OwnershipIUMI Podcast
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Marine Insurance related matters
43 Episodes
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Following the attacks on shipping in the Red Sea area, Jakob Larsen, Head of Maritime Safety and Security at BIMCO shares his thoughts on the current situation and provides insights relevant to marine underwriters.
In this podcast we are joined by John Woods, a Partner with Clyde & Co in New York and Alex Mican, Head of Global Strategy and Growth at PCS Verisk – both are IUMI Professional Partners. We discuss the context of the Baltimore Bridge incident and delve into the possible impact and knock-on effects for marine insurance.
Mariella Dauphinee, Marine Claims Leader at Coast Underwriters (an Intact Insurance Company) and IUMI Executive Committee member outlines the current restrictions in the Panama Canal and how that is impacting shipping. She discusses this in the wider context of other geopolitical events to highlight the potential effect on global trade.
In this podcast we are joined by Michele Cibrario from SwissRe and Vice Chair of our Offshore Energy Committee. Michele discusses the general shift in the energy markets from fossil fuel to renewables with a focus on the offshore industries. He then drills down into the implications and opportunities for marine underwriters giving ample advice and food for thought.
In IUMI’s 150th year, we invite Secretary General, Lars Lange to reflect on how the association has evolved over the past century and a half to remain the bedrock of global marine insurance. Lars discusses the modern association and also gives us an insight into what the future might hold for IUMI.
In most countries, there are strict laws against discrimination but it is fair to say that embracing Diversity, Equity, Inclusion and Belonging (DEIB) in its fullest sense is still largely voluntary. A raft of studies have shown how adopting the many facets of DEIB can dramatically impact job performance, job turnover and work absences and, as importantly, the positive effect it has on a company’s strategy and decision making process as well as on individuals themselves. In this podcast we explore DEIB within the marine insurance community and to do that we are joined by three senior IUMI representatives who are Anneke Kooiman, Patrizia Kern-Ferretti and Sean Dalton.
Our Cargo Masterclass is becoming an essential training tool for marine insurance professionals and is now a central element to our education activities. In this podcast, we are joined by the Chair of our Education Forum, Christopher Hesselbrandt and also by Annemieke Boon from DUPI Underwriting who participated, as a student, in our recent Cargo Masterclass. Together, we discuss IUMI’s education ambitions and we hear, first hand, what it is like to participate as a student. We also give details of our next Cargo Masterclass which is planned for April 2024 in London.
Our latest podcast features Jun Lin and Astrid Seltmann from the Facts & Figures Committee who discuss the state of marine insurance within the wider context of the macro-economy and the shipping and offshore energy sectors. They draw on the presentations they gave at the conference in Edinburgh to provide insight and analysis to this year’s marine insurance statistics compiled by the IUMI Facts & Figures Committee.
In this podcast we are joined by Neil Roberts, Head of Marine and Aviation at Lloyd’s Market Association and Dave Matcham, Chief Executive of the International Underwriting Association who are joint hosts for this year’s IUMI Conference; and also by Lars Lange, IUMI Secretary General. We are treated to a preview of what to expect this year both in terms of the conference agenda and also the social programme. This podcast is a “must listen” for all those planning on going to Edinburgh later in the month.
In this podcast we are joined by Martti Simojoki from Alandia in Helsinki, who is also a member of IUMI’s Loss Prevention Committee; and Hendrike Kühl, IUMI’s Policy Director. Together, we debate the often mooted suggestion that a number of onboard fires have resulted from an electric vehicle and go on to discuss the difference between fires in electric vehicles and those started by standard internal combustion engine vehicles. We then turn to IUMI’s recently issued best practice and recommendations paper for the safe transport of EVs by sea. Finally, we take a look at how we think this issue will progress.
In this podcast we chat with Dr Harry Conway, the Permanent Representative of Liberia’s Permanent Mission to the IMO and the Chair of IMO’s Marine Environment Protection Committee. At the last meeting of MEPC held in early July, the Committee agreed, unanimously, to adopt the new 2023 IMO Strategy on Reduction of GHG Emissions from Ships. This potentially ground-breaking strategy includes an enhanced common ambition to reach net-zero GHG emissions from international shipping close to 2050. It establishes two checkpoints on the path to 2050 including a 20% reduction by 2030 and a 70% reduction by 2040, both from a 2008 baseline.
In the podcast, Dr Conway explains the implications and practicalities of this brave new ambition and also outlines the work of the MEPC and what the committee will focus on going forward.
The pandemic, Russia-Ukraine, cost of living, and China-Taiwan demonstrate the circularity of global threats and highlight the need for (re)insurers and their clients to have a better understanding of these crises’ impacts, especially considering the financial outcomes from such global events. Suki Basi, Managing Director at Russell Group and an IUMI Professional Partner, says financial outcomes relating to insurable and insured outcomes require better modelling, risk assessment and holistic analysis.
Tune into our latest podcast and learn how horizon scanning, or environmental scanning, is a foresight method for discovering early signs of potential change. Suki uses an example of trade disruption in ports and how trade data can enable the analysis of the financial impact. Click here to listen:
In our latest podcast, Isabelle Therrien, IUMI Cargo Committee Chair and Senior Vice President Canada, Marine Cargo at Falvey Insurance Group, discusses misdeclared goods and the related challenges facing shipping and the marine insurance industry. Isabelle emphasised the importance of increasing awareness and collaborating with all relevant stakeholders to ensure dangerous cargo is adequately declared and handled throughout the supply chain. An common example for DGs are lithium-ion batteries which will also be on the agenda of this year’s Cargo Workshop at the IUMI annual conference in Edinburgh.
On this special episode of the IUMI podcast, chair of IUMI’s Data & Digitalisation Forum, Patrizia Kern, interviews Osher Perry, founder and CEO of ShipIn Systems. ShipIn offers onboard CCTV solutions for vessels that allows shoreside personnel to get the visibility needed during critical operations. It is also an IUMI Professional Partner.
Together, Patrizia and Osher discuss the digitisation of marine insurance, working with clients in an age of rapid digital expansion, accessing relevant data, implementing digitised business conduct, and much more.
Our popular quarterly newsletter IUMI Eye is now available as a podcast and features interviews with some authors. Highlights of this edition include Frédéric Denèfle, IUMI President & Managing Director at Garex, who discusses the challenges around reinsurance cover and the correlation with the Ukraine War. IUMI Secretary General Lars Lange reports on the latest IMO’s Marine Environment Protection and Maritime Safety Committee sessions; Sean Dalton, Vice-Chair of the IUMI Executive Committee & Executive Vice President, Head of Marine Underwriting, North America for Munich Reinsurance America, discusses the challenges marine insurers are facing in a time of increased inflation. Guillermo Zamora, CEO of Marlin Blue and an IUMI Professional Partner, offers guidance for adequately implementing and applying IMO liability and compensation conventions.
The Poseidon Principles for Marine Insurance (PPMI) are a global framework for assessing climate alignments of insurers’ hull and machinery portfolios. The PPMI use the ambitions of the International Maritime Organization’s (IMO) greenhouse gas emissions strategy and the Paris Agreement as benchmarks. The first annual disclosure report of the PPMI signatory companies has just been published.
In this episode of the IUMI podcast we spoke with Pauline des Vallières, Sustainable Insurance Manager at SCOR where she has been part of the Marine division during the last five years. Pauline explains what the PPMI are, how they work, and why marine insurance companies have signed up to publicly disclose the carbon footprint of their H&M portfolios.
In the first podcast of 2023, we speak to Frédéric Denèfle, the new IUMI President, for a roundup of his first 100 days in the job.
Since taking up the role following the IUMI conference in Chicago last year, Frédéric Denèfle has had a busy timetable. In this episode, he reflects on the immediate challenges and surprises, changes to IUMI’s leadership structure, the popularity of the new IUMI Masterclass, the Black Sea Grain Initiative and more.
Since the outbreak of the war between the Russian Federation and Ukraine in February this year, the subject of international sanctions has been at the forefront of industry concerns. On December 3, 2022, G7 members formally set a price cap on Russian oil at 60 USD per barrel. This applies to oil products originating in or exported from Russia. In this podcast, we sat down with Christopher Jones, Director of Legal and Market Services of the International Underwriting Association and Neil Roberts, Head of Marine & Aviation at Lloyds List. Together, these two industry experts outlined what the impact of the price cap will be, the challenges facing the maritime sector and how insurers are coping with the new complexities.
Our popular quarterly newsletter IUMI Eye is now available as a podcast and features interviews with some of the authors. Highlights of this edition include ShipIn’s Amit Shalev who discusses loss prevention using AI, IUMI Secretary General Lars Lange on the latest IMO Maritime Safety Committee session; HFW on the implications for insurers of the NordStream pipeline attack; Julian Kirkman-Page of Russell Group on how a holistic view of trade can help marine insurers understand current and future exposure, as well as more details on IUMI’s Masterclass in Cargo Insurance programme.
Twice a year, industry reports are presented by the IUMI Facts & Figures Committee, outlining the most up-to-date key shipping and marine insurance data and statistics, as well as providing an overview of marine, offshore and related industries. In this podcast, we sit down with leading members of IUMI’s Facts and Figures Committee: Jun Lin, Vice-President of Gard, and Astrid Seltmann from Cefor, the Nordic Association of Marine Insurers to discuss how the marine insurance industry faired in 2021, the challenges it faces heading into 2023, and some of the key takeaways from this year’s Facts and Figures report.
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