Richard Turner says data will play an ever increasing role in marine insurers and the winners will be those who can successfully embrace and integrate new technology and combine that with the art of underwriting
Safety & Regulation
Former Transas CEO to replace Simon Doughty, who announced his decision to step down from ship management company earlier this year.
Call for marine insurers to address the current formation of war and strike clauses in an effort to halt the tide of litigation.
Unlikely that the US will offer exemptions in the new sanctions regime against Iran, a New York law firm partner told IUMI delegates.
Vessels may be unable to access ports while seafarers may also be barred from operating in certain nations in the event of a full-blown trade war.
Underwriters will challenge the tide of cases involving inaccurate or incomplete cargo labelling, IUMI committee chief warned.
The deal was announced this morning in London and as news spread to marine insurers in Cape Town, there was a concern over where it will leave the market.
IUMI targets membership increase in Africa.
A leading salvor said the introduction of more fire breaks would be a significant first step to prevent a fire from spreading across large numbers of containers.
For the vast majority of vessels, complying with the 2020 sulphur cap will mean using fuel oils with a sulphur content of 0.5%, the ICS said.