(www.MaritimeCyprus.com) The International Union of Marine Insurance (IUMI) operates at the forefront of marine risk, it gives a unified voice to the global marine insurance market through effective representation and lobbying activities. As a forum for the exchange of ideas and best practice, IUMI works to raise standards across the industry and provides opportunities for education and the collection and publication of industry statistics.
In this document data is presented on the global marine insurance market set in the context of world economic performance, trade and the shipping industry. It also offer commentary and opinion based on the data we have collected.
The International Union of Marine Insurance (IUMI) represents 45 national and marine market insurance and reinsurance associations. Its Fact & Figures Committee compiles and analyses data submitted by national insurance associations and cooperates with other data
providers. Our thanks go to those IUMI member associations for their continued support, and to the other data providers, who are identified at the end of this report, for supporting IUMI with extensive and up to date information on the relevant trends that impact the marine industry. Special thanks are offered to the Nordic Association of Marine Insurers (Cefor) for annually compiling global marine insurance data on behalf of IUMI and supporting IUMI with up-to-date hull trend analyses from the Nordic Marine Insurance Statistics database (NoMIS).
The majority of the graphs in this report originate from the presentations given at the IUMI conference 2020 by Facts & Figures Committee Chairperson Philip Graham and Vice-Chairperson Astrid Seltmann. These contain further graphs and market trends for reference. Although this is a statistics report we must not forget that shipping is a people business. During the current uncertain environment, we have relied on thousands of seafarers to maintain the flow of goods and commodities that allows us to continue our daily lives. Some have been at sea for many months and we thank them for their hard work, dedication and commitment.
Click below image to download the IUMI Stats Report 2020: