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IUMI International Union of Marine Insurance IUMI in a Nutshell Organization, Work and Current Developments IUMI Executive Committee Spring Meeting, Rio FENSEG Market Conference, Thu, 22nd May 2014 Lars Lange/ Rio 22/05/2014 Page 1 Lars Lange IUMI Secretary General, Hamburg IUMI International Union of Marine Insurance What is IUMI? IUMI: International Union of Marine Insurance Established 1874 in Berlin, IUMI moved after the second World War to Zurich Lars Lange/ Rio 22/05/2014 Page 2 IUMI International Union of Marine Insurance What is IUMI? since 2013 head office in Hamburg / Germany Lars Lange/ Rio 22/05/2014 Page 3 IUMI considers all issues of interest to the worldwide marine insurance industry IUMI International Union of Marine Insurance Lars Lange/ Rio 22/05/2014 Page 4 Issues of Interest? IUMI International Union of Marine Insurance Who are IUMI's members? 49 national insurance and marine insurance associations and 19 IUMI Professional Partners (IPPs), all related to the marine insurance business IUMI is representing Marine Insurers and Re-Insurers Lars Lange/ Rio 22/05/2014 Page 5 Brokers? P&I Insurance? IUMI International Union of Marine Insurance How is IUMI organized? “a professional body which is run by and for its members” Staff: - IUMI Office in Hamburg - Press Work / IMO Liaison in London Lars Lange/ Rio 22/05/2014 Page 6 Membership: - Executive Committee - 7 Technical Committees - Political Forum, Salvage Forum - Council IUMI International Union of Marine Insurance Political Forum Founded in 2012 11 members: 8 members: Secretaries / Membership, Plus President, SG, IUMI IMO Liaison Officer Lars Lange/ Rio 22/05/2014 Page 7 Recommends action to the IUMI Executive Committee and the IUMI Technical Committees „Current Issue List“ IUMI International Union of Marine Insurance Political Forum Founded in 2012 11 members: 8 members: Secretaries / Membership, Plus President, SG, IUMI IMO Liaison Officer Lars Lange/ Rio 22/05/2014 Page 8 Recommends action to the IUMI Executive Committee and the IUMI Technical Committees „Current Issue List“ IUMI International Union of Marine Insurance Lars Lange/ Rio 22/05/2014 Page 9 Political Forum IUMI International Union of Marine Insurance Project “IUMI 2015” IUMI 2015: “more political and more visible” Moving head office to Hamburg, full time SG, more workforce in the office development of capacities Increased involvement of member associations Increased cooperation with other associations Increased involvement at IMO, at local authorities like EU and other stakeholders in maritime business Lars Lange/ Rio 22/05/2014 Page 10 More information to the membership and third parties IUMI International Union of Marine Insurance New Articles of Association Reflect all changes within the IUMI 2015 process As compliant, transparent and modern as possible Terms of reference for the Technical Committees Transparent voting procedures Proper accounting and auditing Lars Lange/ Rio 22/05/2014 Page 11 Council decision in September 2014 during the Hong Kong conference IUMI International Union of Marine Insurance How does IUMI work? Lobbying IMO Local Authorities Stakeholders Maritime Business Information Conferences, Meetings Press Work, IUMI Newsletter Lars Lange/ Rio 22/05/2014 Services Statistics Page 12 IUMI International Union of Marine Insurance IUMI's unique status IUMI has a unique status in the world of marine and transport insurance IUMI is dedicated to maintain and expand trade, focusing not only on developed but more and more also on emerging markets South America Asia Lars Lange/ Rio 22/05/2014 Page 13 IUMI International Union of Marine Insurance Lars Lange/ Rio 22/05/2014 Page 14 That‘s it Lars Lange Große Elbstraße 36 22767 Hamburg Germany +49 – 40 2000 747 – 0 [email protected]