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Malaysia: PIAM & IUMI organise the first Joint Session on marine insurance

Source: Asia Insurance Review | Jan 2016

The IUMI-PIAM Joint Session on Growth Opportunities for the Marine Insurance Market in Malaysia, organised by the General Insurance Association of Malaysia (PIAM) and International Union of Marine Insurance (IUMI) was held on 2 November 2015 in Kuala Lumpur. 
   The inaugural session sought to identify ways in which PIAM and IUMI can assist the local insurance fraternity to face complex and uncertain challenges while maintaining innovation and development in the marine insurance and maritime industries.
   IUMI President Dieter Berg, delivered the keynote address and touched upon the state of the global marine market, challenges for marine insurance and new initiatives set up by IUMI to assist its members. 
   Speakers from both IUMI and PIAM also shared insights on various topics including highlights from the recent IUMI Berlin Conference, marine cargo, hull and offshore energy experiences worldwide, hot topic areas on loss prevention, and expert opinions on the local marine market. 
   The session received strong participation from more than 45 local marine insurance practitioners and was part of PIAM’s effort to elevate the profile of marine insurance as an important class of business with strong potential for growth in Malaysia.
PIAM & IUMI organise the first Joint Session on marine insurance
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