IUMI 2006 Conference to Focus on Claim Reduction

Friday, February 17, 2006
Marine insurance claims are escalating. As a result, underwriters are adopting a much more active role in assessing the risks they are asked to cover in renewed efforts to reduce and control claims. The decision was taken by IUMI’s executive committee which met in London, and is being relayed to the worldwide membership. The chosen theme will run through the conference program, the planning of which is largely the responsibility of IUMI’s seven technical committees. These will meet in Berlin in April. There have been two changes among the committee chairmen. Lloyd’s underwriter Dominic Hoare now chairs the energy and offshore committee, and another Lloyd’s underwriter, Quentin Prebble, heads the loss prevention committee. In recent years, IUMI has welcomed a growing number of organizations, such as IACS and Intertanko, as affiliated members, and more are expected. In view of this, the executive committee has decided to revise the union’s Articles of Association to take account of affiliated members’ interests. The changes will be put to the council meeting for approval in Tokyo. The committee also endorsed a proposal made at the 2005 conference in Amsterdam to increase membership fees. These will be raised by 5% in 2007 and a further 5% in 2008, subscription levels being based on a graduated scale related to a member association’s premium volume. The increases are also subject to council approval. Attendance at the September conference is expected to be high, particularly from Asian markets. China has been invited to attend as observers. The event is being held at a time when the Japanese insurance market has entered a period of rapid growth, and sectors like marine are casting their net more widely to ensnare overseas business. Japan can already boast one of the highest marine premium volumes in the world. The conference will be at the New Otani Hotel complex, central Tokyo.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Holland America Line Offers ‘Explore 4’ Early Booking

Holland America Line knows the trend for savvy travelers is to book vacations well in advance. To encourage those early bookings the line is returning with its

Fred. Olsen's ‘Poison, Murder & Mystery Cruise’

Fred. Olsen Cruise Lines is proud to introduce a very unique cruise experience for Summer 2015, aboard its 880-guest ship Boudicca, the like of which guests

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

News

Control of Emission from Vessels in Hong Kong Waters

Amendments to the Shipping and Port Control Ordinance (Cap. 313) and the Merchant Shipping (Local Vessels) Ordinance (Cap. 548) to enhance the control of dark

Holland America Line Offers ‘Explore 4’ Early Booking

Holland America Line knows the trend for savvy travelers is to book vacations well in advance. To encourage those early bookings the line is returning with its

Aker Philadelphia Shipyard ASA: Purchase of own shares

Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0869 sec (12 req/sec)