“The Financial, Legal and Commercial challenges of a 3 year cycl(on)e”

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 industries? 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 while trying to balance in a constantly changing environment?

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 attendance of the conference is free for all employees of shipping and shipping related organisations Cyprus, but we welcome anyone who wants to contribute to the charity foundation supported by the conference by indicating it at the registration.

Save the date in your calendar for this promising marine insurance conference, 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.

The 1st Marine Insurance Conference is placed 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 Branch.