Post on 20-Jun-2018
IUMI International Union of Marine Insurance
IUMI Update and
Focus for 2013
Deirdre Littlefield
IUMI International Union of Marine Insurance
IUMI Overview
Global Economy
Global Marine Results
Current IUMI Issues
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International Union of Marine Insurance
IUMI International Union of Marine Insurance
International Union of Marine Insurance
139 year old International Trade Association
55 Countries
Focus Education
Lobbying
Members
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IUMI International Union of Marine Insurance
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http://www.iumi.com/
IUMI International Union of Marine Insurance
Global Economy GDP
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2013 2014
Total World GDP 3.25% 4%
Emerging Economies 5.3% 5.7%
Advanced Economies 1.2% 2.2%
Euro Zone -.3% 1.1%
USA 1.9% 3%
Canada 2% * 2.4%
*(previously 1.5%)
Source: IMF
IUMI International Union of Marine Insurance
World Trade Growth
-15.0
-10.0
-5.0
0.0
5.0
10.0
15.0
Page 6 2005 2006 2007 2008 2009 2010 2011 2012 2013P 2014
a Figures for 2013 and 2014 are projections. Source: WTO Secretariat.
Exports
GDP
Average export growth 1992-2012
Average GDP growth 1992-2012
IUMI International Union of Marine Insurance
Global Fleet
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IUMI International Union of Marine Insurance
Global Marine Premium
+ International Group of P&I Clubs: est USD 3,6 billion
Total reported premium: USD 22,9 billion
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31.9 USD billion
Source: IUMI
IUMI International Union of Marine Insurance
Global Marine Premium
Total reported premium: USD 22,9 billion
54.3%29.9%
8.4%7.4%
Europe
Asia/Pacific
North America
Other
Page 9 Source: IUMI
IUMI International Union of Marine Insurance
Cargo – Premium by market
Page 10 Source: IUMI
IUMI International Union of Marine Insurance
Gross Ultimate Cargo Loss Ratio
Page 11 Source: IUMI
IUMI International Union of Marine Insurance
Hull & Machinery – Premium by markets
Source: IUMI Page 12
IUMI International Union of Marine Insurance
Gross Ultimate Hull Loss Ratio
Page 13 Source: IUMI
IUMI International Union of Marine Insurance
Offshore Energy Premium by markets
Source: IUMI Page 14
IUMI International Union of Marine Insurance
Offshore Energy
2004 Ivan
2008 Ike Soft market
Page 15 Source: IUMI
IUMI International Union of Marine Insurance
Current Issues
Action recommended 1. Container ship safety
2. Fire fighting system on container vessels
3. European regulation
4. EC Offshore Safety Regulation
5. Places of Refuge
6. Cat fines & low-sulphur fuels
7. Paris MoU Ship Risk Profile
8. General Average and York-Antwerp Rules
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IUMI International Union of Marine Insurance
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IUMI International Union of Marine Insurance
Thank you.
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