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Time for marine to come of age

Poor data, poor results, a soft market and worsening loss trends - the IUMI conference in Copenhagen saw some tough market challenges being tackled head on. Eric Alexander was our eyes and ears ..

More than 500 of the world's marine underwriters gathered in Copenhagen for last month's annual conference of the International Union of Marine Insurance (IUMI), where the central theme this year was

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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