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International Union Of Marine Insurance

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Chapter Summary

The International Union of Marine Insurance (IUMI) represents, safeguards, and develops insurers' interests in marine and related insurance matters. IUMI's membership grew rapidly with individual companies from 22 nations enrolled as members by World War I followed in 1926 by British and French companies. IUMI's membership applications are forwarded to the President and must be approved by the Council. Membership is limited to national marine insurance associations. The governing bodies within the IUMI are the Council, the President and Executive Committee, the Nominating Committee, the Secretary-General, the Technical Committees, and the Liaison Officers and Observers. The primary source of funds for the IUMI is its annual membership fees. IUMI plays a significant role in transnational economic governance through its various committees such as the Cargo Committee, Energy and Offshore Committee and Facts and Figure Committee. IUMI understands that the success of member organizations lies with human capital.

Keywords: Cargo Committee; Executive Committee; International Union of Marine Insurance (IUMI); membership applications; transnational economic governance



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