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IUMI International Union of Marine Insurance IUMI in a Nutshell Organization, Work and Current Developments IUMI Executive Committee Spring Meeting, Istanbul.

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Presentation on theme: "IUMI International Union of Marine Insurance IUMI in a Nutshell Organization, Work and Current Developments IUMI Executive Committee Spring Meeting, Istanbul."— Presentation transcript:

1 IUMI International Union of Marine Insurance IUMI in a Nutshell Organization, Work and Current Developments IUMI Executive Committee Spring Meeting, Istanbul TSB / IUMI Marine Insurance Conference, Fri, 29th May 2015 Milli Reasürans T.A.S., Istanbul Lars Lange IUMI Secretary General, Hamburg Lars Lange/ Istanbul 29/05/2015 Page 1

2 IUMI International Union of Marine Insurance Agenda 1.What is IUMI? 2.Who are IUMI’s members? 3.How does IUMI work? 4.Political Work – Lobbying 5.IUMI Services Page 2 Lars Lange/ Istanbul 29/05/2015

3 IUMI International Union of Marine Insurance 1. What is IUMI?  IUMI: International Union of Marine Insurance  Worldwide representation of the marine insurance industry  Established 1874 in Berlin, IUMI moved after the second World War to Zurich Page 3 Lars Lange/ Istanbul 29/05/2015

4 IUMI International Union of Marine Insurance 1. What is IUMI?  since 2013 head office in Hamburg / Germany  IUMI considers all issues of interest to the worldwide marine insurance industry Page 4 Lars Lange/ Istanbul 29/05/2015

5 IUMI International Union of Marine Insurance Agenda 1.What is IUMI? 2.Who are IUMI’s members? 3.How does IUMI work? 4.Political Work – Lobbying 5.IUMI Services Page 5 Lars Lange/ Istanbul 29/05/2015

6 IUMI International Union of Marine Insurance 2. Who are IUMI's members?  49 national insurance and marine insurance associations and  18 IUMI Professional Partners (IPPs), all related to the marine insurance business  IUMI is representing Marine Insurers and Re- Insurers  Brokers?  P&I Insurance? Page 6 Lars Lange/ Istanbul 29/05/2015

7 IUMI International Union of Marine Insurance Agenda 1.What is IUMI? 2.Who are IUMI’s members? 3.How does IUMI work? 4.Political Work – Lobbying 5.IUMI Services Page 7 Lars Lange/ Istanbul 29/05/2015

8 IUMI International Union of Marine Insurance 3. How does IUMI work?  Lobbying  IMO  Local Authorities  Stakeholders Maritime Business  Services  Statistics  Education  Information (Press Work, IUMI Newsletter)  Conferences, Meetings Page 8 Lars Lange/ Istanbul 29/05/2015

9 IUMI International Union of Marine Insurance 3. How does IUMI work? “a professional body which is run by and for its members” Page 9 Staff: - IUMI Office in Hamburg - Press Work / IMO Liaison in London Secretaries of National Member Associations Membership: - Executive Committee - 7 Technical Committees - Political Forum, Salvage Forum - Council

10 IUMI International Union of Marine Insurance Modernizing IUMI - “IUMI 2015” IUMI 2015: “more political and more visible”  Strengthen lobbying – “Political Forum”  Communication Strategy  Slim organization – Secretariat as “steering gear”  Support of the national associations  Cooperation of professional and voluntary work  Strengthen cooperation with IPPs and Affiliates  New Articles of Association Page 10 Lars Lange/ Istanbul 29/05/2015

11 IUMI International Union of Marine Insurance New Articles of Association  Implement all changes made by the IUMI 2015 process  More modern, more compliant, more democratic, more transparent  Terms of reference for the Technical Committees  Transparent voting procedures  External accounting and auditing  Council approval in September 2014 in HK Page 11 Lars Lange/ Istanbul 29/05/2015

12 IUMI International Union of Marine Insurance Agenda 1.What is IUMI? 2.Who are IUMI’s members? 3.How does IUMI work? 4.Political Work – Lobbying 5.IUMI Services Page 12 Lars Lange/ Istanbul 29/05/2015

13 IUMI International Union of Marine Insurance International Maritime Organisation IMO Page 13  UN organisation, seat in London  „world shipping government“  MSC, MEPC, Legal and Sub-Committees Lars Lange/ Istanbul 29/05/2015

14 IUMI International Union of Marine Insurance International Maritime Organisation IMO Page 14 IMO currently has 170 Member States and three Associate Members About 70 Non-Governmental Organizations (NGOs) Lars Lange/ Istanbul 29/05/2015

15 IUMI International Union of Marine Insurance European Union Page 15 European Commission: In 2009 about 23.000 employees 28 Commissioner DG Move – Maritime Safety Department Lars Lange/ Istanbul 29/05/2015

16 IUMI International Union of Marine Insurance IUMI Affiliates Page 16 … stakeholder in maritime / transportation business Lars Lange/ Istanbul 29/05/2015

17 IUMI International Union of Marine Insurance 4. Political Work - Lobbying  How do I form an opinion as an international association?  Example: International trade agreement  Example: Colliding interests of hull and cargo insurance  … the Political Forum Page 17 Lars Lange/ Istanbul 29/05/2015

18 IUMI International Union of Marine Insurance 4. Political Work - Lobbying  Founded in 2012  7 members plus President, SG, IUMI IMO Liaison Officer  Recommends action to the IUMI Executive Committee  Coordinates the political work of the IUMI Technical Committees  „Current Issue List“ Page 18 Lars Lange/ Istanbul 29/05/2015

19 IUMI International Union of Marine Insurance 4. Political Work - Lobbying  Action recommended  Support recommended  Monitor & Inform Updated very frequently – last 13 May 2015 Page 19 Lars Lange/ Istanbul 29/05/2015

20 IUMI International Union of Marine Insurance 4. Political Work - Lobbying Page 20 Lars Lange/ Istanbul 29/05/2015

21 IUMI International Union of Marine Insurance Agenda 1.What is IUMI? 2.Who are IUMI’s members? 3.How does IUMI work? 4.Political Work – Lobbying 5.IUMI Services Page 21 Lars Lange/ Istanbul 29/05/2015

22 IUMI International Union of Marine Insurance 5. Services a.Statistics b.Information c.Education d.Meetings and Conferences Page 22 Lars Lange/ Istanbul 29/05/2015

23 IUMI International Union of Marine Insurance Global Marine Premium 2013 by line of business Page 23 Total: 34.2 USD billion Change 2012 to 2013: -1.7% Lars Lange/ Istanbul 29/05/2015

24 IUMI International Union of Marine Insurance IUMI September Statistics Page 24 Lars Lange/ Istanbul 29/05/2015

25 IUMI International Union of Marine Insurance 5. Services a.Statistics b.Information c.Education d.Meetings and Conferences Page 25 Lars Lange/ Istanbul 29/05/2015

26 IUMI International Union of Marine Insurance Information: IUMI Eye Page 26  Quarterly newsletter  Information for membership and interested third parties  www.iumi.com www.iumi.com Lars Lange/ Istanbul 29/05/2015

27 IUMI International Union of Marine Insurance Information: Homepage Page 27 Lars Lange/ Istanbul 29/05/2015

28 IUMI International Union of Marine Insurance Information: Press Releases, Position Papers Page 28 Lars Lange/ Istanbul 29/05/2015

29 IUMI International Union of Marine Insurance 5. Services a.Statistics b.Information c.Education d.Meetings and Conferences Page 29 Lars Lange/ Istanbul 29/05/2015

30 IUMI International Union of Marine Insurance Education  Education Programmes of the national member associations  … and decision in 2015 to build up an IUMI Education Programme  Questionnaire! Page 30 Lars Lange/ Istanbul 29/05/2015

31 IUMI International Union of Marine Insurance 5. Services a.Statistics b.Information c.Education d.Meetings and Conferences Page 31 Lars Lange/ Istanbul 29/05/2015

32 IUMI International Union of Marine Insurance Meetings and Conferences  Winter EC /TC Meeting … planning the year in London  Spring TC Meeting … starting from March 2016 in Hamburg – the Committees  Spring EC Meeting … visiting emerging markets getting more important  … and the annual IUMI Conferences Page 32 Lars Lange/ Istanbul 29/05/2015

33 IUMI International Union of Marine Insurance IUMI Hong Kong Conference 2014 Page 33  „Building expertise for a changing world“  More than 600 participants, more than 40 presentations  www.iumi2014hk.com Lars Lange/ Istanbul 29/05/2015

34 IUMI International Union of Marine Insurance IUMI Hong Kong Conference 2014 Page 34 Lars Lange/ Istanbul 29/05/2015

35 IUMI International Union of Marine Insurance IUMI Berlin Conference 2015 Page 35 “Technical, Financial and Human Factors – Is there a new normal?” www.iumi2015.com Lars Lange/ Istanbul 29/05/2015

36 IUMI International Union of Marine Insurance That‘s it Lars Lange Große Elbstraße 36 22767 Hamburg Germany +49 – 40 2000 747 – 0 lars.lange@iumi.com Page 36 Lars Lange/ Istanbul 29/05/2015

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