‘If you charter your own ship and fill it up with your own stuff, you are going to smash through your per shipment limit … You are going to be exposed, if that ship sinks, to all your stuff going down,’ argues firm’s senior vice-president
‘With the right contracts in place, but more importantly, with the correct information and documents being produced at the right point in time, the majority of catastrophic type claims can be avoided or the effects mitigated,’ says HFW partner
‘If the port where the goods are to be discharged is suffering chronic delays — whether due to the pandemic or any other reason — the chartered vessel may be stuck outside the port, along with others’ — insurer
Elevated combined ratios look like being the norm across the International Group for some time yet, as payouts and expenses continue comfortably to top premium income
This week we dissect the key takeaways from London International Shipping Week and IUMI, covering everything from the environmental debates as industry and politicians jostle for position in advance of COP26, the rising dominance of Chinese marine insurance, and why the UK shipping minister may need to offer more than tales of his teenage bedroom wall to win round the shipping industry
Europe hangs on to largest market share, but watch for the steady rise of marine insurance with Chinese characteristics
‘Mutuality works, provided it continues to adapt and modernise. When your business is owned by the insureds, you learn a great deal about what makes them tick,’ says sector leader as he contemplates semi-retirement
Marine insurance industry seeks collaboration with all stakeholders to better understand what’s at stake when it comes to new fuel technology
Backbone of increased transparency and visibility is proper data management and proper data analytic, conference told
‘It is almost indispensable for cargo insurers, prior to offering cover to new clients, to take a close look at the transport packaging of the shipping unit, and to check the general suitability of the packaging in advance,’ expert tells IUMI
Rising tension between the US and China could again place international shipping at the apex of extra-territorial sanctions and conflict between the two countries
‘It’s people, people, people — 95% of cyber incidents are on account of people not doing the right thing, not following the correct procedure’
All set! This article has been sent to email@example.com.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.