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Hong Kong to hold Marine Insurance Conference October 24-25
THE 4th Asia Marine Insurance Conference organised by Asia Insurance Review in conjunction with The Hong Kong Federation of Insurers will be held at The Renaissance Harbour View Hotel in Hong Kong from October 24-25.
"The marine insurance industry is dealing with greater challenges as ship owners and their affiliates are operating in one of the worst economic environments with weak freights while insurers are faced with very volatile and complicated marine risks, higher claims and soft premium rates," a statement from the organisers said.
"In recent years, other hazards have started creeping into the sector - risks that are less familiar with - including cyber risks affecting the safety of navigation on the high seas. And then there are the various domestic, regional and international rules and regulations to be complied with at whatever costs."
The theme for this year's conference is "Managing New Risks While Ensuring Sustainability". The event provides a platform for shipowners, ship managers, cargo operators and underwriters to come together to discuss the common threats and issues facing them as well as find sustainable solutions of mutual interest for insurers and the marine community.
Keynote addresses will be delivered by Hong Kong's Secretary for Transport and Housing Anthony BL Cheung, and a representative of the global think tank, IUMI, with their opening of an Asia hub in Hong Kong.
The event is supported by BIMCO, Hong Kong Shipowners Association, the International Union of Marine Insurance (IUMI), and Hong Kong Confederation of Insurance Brokers.
"The marine insurance industry is dealing with greater challenges as ship owners and their affiliates are operating in one of the worst economic environments with weak freights while insurers are faced with very volatile and complicated marine risks, higher claims and soft premium rates," a statement from the organisers said.
"In recent years, other hazards have started creeping into the sector - risks that are less familiar with - including cyber risks affecting the safety of navigation on the high seas. And then there are the various domestic, regional and international rules and regulations to be complied with at whatever costs."
The theme for this year's conference is "Managing New Risks While Ensuring Sustainability". The event provides a platform for shipowners, ship managers, cargo operators and underwriters to come together to discuss the common threats and issues facing them as well as find sustainable solutions of mutual interest for insurers and the marine community.
Keynote addresses will be delivered by Hong Kong's Secretary for Transport and Housing Anthony BL Cheung, and a representative of the global think tank, IUMI, with their opening of an Asia hub in Hong Kong.
The event is supported by BIMCO, Hong Kong Shipowners Association, the International Union of Marine Insurance (IUMI), and Hong Kong Confederation of Insurance Brokers.
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