Wednesday, 22 October 2025

INSURANCE

Marine insurance adapting to a world in transition, says IUMI President

Opening this year’s IUMI (International Union of Marine Insurance) annual conference in Chicago, President Richard Turner introduced “Adapting to a World in Transition” as this year’s conference theme, highlighting the impact of climate, asset, macroeconomic and geopolitical changes on marine insurers, the clients they support and IUMI itself.

Marine insurers need better data for ESG

The marine insurance industry needs to embrace data better if it is to successfully implement ESG aspirations, says Patrizia Kern, Chairperson of IUMI’s Data & Digitalization Forum. Speaking at IUMI’s conference in Chicago, she told the audience of underwriters that whilst more data on assureds’ activity is available, it needs to be consistent, reliable, relevant and provable to be of use.

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