Shipping and by default, the Marine Insurance industry found itself in an unexpected cycl(on)e of having to deal with the combined impact of the knock-on effects of the COVID-19 pandemic, the invasion of Ukraine, and the Russian sanctions, coupled with natural catastrophes and consequently increased claims costs, while trying to keep pace with regulatory and inflationary challenges.
- What are these knock-on effects and what was their financial and commercial impact on the marine insurance and shipping industry?
- Behind the scenes; How did the industry respond to these challenges?
- How will the market be able to weather these consequences to come out of this cycle?
The above and more will be discussed at the 1st CSN Cyprus Marine Insurance Conference “The Financial, Legal and Commercial challenges of a 3-year cycl(on)e”. The conference will take place on 11th May 2023 in Limassol at the Carob Mill Conference Centre. Attendance at the conference is free for all employees of shipping and shipping-related organizations in Cyprus, but we welcome anyone who wants to contribute to the charity foundation supported by the conference by indicating it at the registration.
The Limassol event is under the auspices of the Cyprus Shipping Deputy Ministry and supported by the Cyprus Shipping Chamber, the Cyprus Marine Club, CYMEPA, WISTA Cyprus, YoungShip Cyprus and ICS Cyprus.
Save the date in your calendar for this promising conference “The Financial and Legal challenges of a 3-year cycl(on)e” where together with key industry experts from industry bodies, shipowners, ship managers, P&I Clubs, Hull and Liability, Insurance companies and Energy sector we will look at the operational aspects impacting the shipping sector.