Current and Emerging Trends in the Marine Market

Speaker : Neil Atkinson, CNA Hardy

Marine insurance is the oldest form of insurance and despite the new Insurance Act doing away with the Marine Insurance Act, marine still plays a pivotal role in today’s insurance market place. This lecture will take a look at the emerging trends affecting the marine market today.

The session will cover the following areas:
Cyber – What impact are cyber attacks having on the cargo and freight industry and what cover is provided under a standard cargo wording.

SOLAS VGM – Update on the implementation of VGM and the impact on your clients and marine insurance.

Clandestine Entry – An ongoing problem.

Flood – Are marine stock throughput insurers a soft touch when it comes to flood cover?

Relying on the carrier – The problems with ‘All Risks’/’Full Responsibility’ cover.

Learning objectives:
By the end of this session, delegates will be able to identify;

• The current Cyber exclusion on the Institute Cargo Clauses and how this affects coverage
• VGM; how this affects shippers and what the impact has been on the shipping industry
• Flood and clandestine entry for marine policies – two topical issues for marine insurers
• The difference between ‘all risks’ and ‘full responsibility’ and the perils of relying on the carrier is ‘insuring’ the cargo
  
  

Speaker Biography
Neil Atkinson is a former Chairman of the Manchester Marine Insurance Association. Until recently he sat on the Joint Cargo Committee at Lloyd's and has worked in the Manchester Marine Market for over 15 years. Whilst most of his time has been spent underwriting, he has also served time in broking and claims. His current role as regional marine manager at CNA Hardy is split between cargo; transportation and contract logistics.

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