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IUMI 2011 preview: The problem of piracy

pirate-flag

The annual International Union of Marine Insurance conference takes place in Paris next week. Topping the agenda is the 
ongoing scourge of piracy on world trade
.

Next week’s International Union of Marine Insurance conference will be a busy time for marine underwriters, as they gather in Paris to discuss topical issues on this year’s theme of the evolution of

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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