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Marine - Post-IUMI: High seas scrutiny

shipping

The recent International Union of Marine 
Insurance conference underlined the escalating 
piracy problem and tasked underwriters with 
delivering a cargo-specific solution.

This year’s conference of the 
International Union of Marine Insurance gave underwriters plenty to mull over as they 
returned to their day jobs in late September, with battling pirates dominating

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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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