Major Claims Database

In this month's podcast we speak with Dave Matcham, Chief Executive of the International Underwriting Association and Secretary of the IUMI Facts & Figures Committee, about IUMI's Major Claims Database. In 2018 IUMI launched a pilot project to see if it could create a large and consistent loss database for hull and cargo with standardised data from member companies in order to analyse major losses with respect to loss severity, frequency, location and cause. Now, almost four years on, Dave discusses how the project has progressed, the data that is now being published and what is coming up in the near future.