Topic
marine insurance
Finance Sompo Japan launches first GPS jamming insurance cover for shipping economic losses
Sompo Japan introduced the shipping industry's first insurance coverage for economic losses caused by radio interference with ship navigation systems, according to Splash247. Available from this month, the cover compensates owners when GPS or GNSS disruption halts operations without physical damage, addressing a growing gap in marine insurance as jamming incidents rise.
Finance Sean Dalton nominated as IUMI president, Munich Re executive to succeed Frédéric Denèfle
Sean Dalton, a Munich Re executive and former seafarer, has been nominated as the next president of the International Union of Marine Insurance. He is the sole nominee and is expected to be elected by the IUMI Council on September 23 in Rotterdam, succeeding Frédéric Denèfle.
Logistics Gard Report Finds Routine Work Behind Most Seafarer Injuries in 2025
A new report from Norwegian marine insurer Gard finds that most seafarer injuries occur during routine shipboard work, often involving experienced crew. Slips, trips, and falls are the leading cause at 29%, with the first month of contract and morning hours posing highest risk. The findings highlight ongoing safety challenges that can affect crew availability and shipping operations.
Trade Finance Indian Insurers Urge Retaining Marine Insurance Pool Despite Ceasefire
Despite the ceasefire between the US and Iran, Indian insurers advocate for the continuation of the Bharat Maritime Insurance Pool (BMIP) to maintain domestic capacity for marine war risk coverage. Industry leaders warn that normalization will be gradual and that the pool is critical for resilience against future geopolitical disruptions.