Members of Lloyd's Marine U35 Insurance Group were invited to Korean Re to have a seminar on the marine insurance market on July 31.
The Marine U35 Insurance Group is a non-profit organization and is comprised of over 1,000 members aged 35 years or younger from all areas of the marine and energy insurance market.
The seminar was attended by 24 young underwriters and brokers who are working in the marine insurance market at Lloyd's. Korean Re representatives shared their analysis of the local marine insurance market and major claims.
During the seminar, meaningful discussions were made regarding the recent trends in the global marine insurance market and specific topics like cyber risks and Iran sanctions. In addition, participants also exchanged ideas and views as to how to further develop the Korean marine insurance market and enhance cooperation between Korean Re and the Lloyd's market in terms of new product development.