PRESS RELEASE INFORMATION FOR LOCAL USE
The 38th Annual Conference of IMIA was held in Moscow from 19th to 21st September 2005.
IMIA is an international forum for the exchange of information, knowledge, experience and opinions between Engineering Insurers. Such co-operation is needed, as Engineering Insurers are permanently confronted with risks emanating from new technical developments in Industry on a global basis.
IMIA is a non-profit organisation and operates through an Executive Committee, which in 2004/2005 comprised the Chairman A. LINDBERG (If P&C Insurance, Stockholm), H. PÖTTKER (Allianz, Munich), L. WASSMER (Infrassure, Zurich), D. HEIDENHAIN (Munich Re, Munich), M. PETRUZZELLO (HSB, Hartford), O. TRECENO (Swiss Re, Zurich) and the Secretary A.WATT (Great Britain).
Membership of IMIA comprises 20 countries representing the major part of the world-wide premium income of engineering insurance. Member countries are Australia, Austria, Canada, Denmark, Finland, France, Germany, Great Britain, Israel, Italy, Japan, The Netherlands, Russia, South Africa, Spain, Sweden, Taiwan, Turkey, Switzerland and USA. Turkey joined IMIA this year.
The total premium income for engineering insurance for 2004 reported by the delegates amounted to 7.5 billion US$.
The following topics were considered by working parties who presented reports at the Conference on:
Steel Plants (part 2) - Loss Prevention Aspects
EAR & CAR - Third Party Liability - Existing and Surrounding Property
Maintenance and Overhaul of Steam Turbines
Theft of Construction Plant
Engineering Exposure related to Aluminium Production
Alco Hydroelectric Project, Overtopping of Upstream Cofferdam.
Design Exclusion (DE) Wordings and Physical Loss or Damage
The new draft Code of Practice for Risk Management of Tunnel Works was presented to the conference.
Development of the IMIA web site has continued on the Internet, www.imia.com, in order to improve the information about IMIA and to provide a tool for distribution of information and best practices in Engineering Insurance. Papers presented at this year's conference will be published on the IMIA web site.
Anders Lindberg retired as Chairman and was replaced by Detmar Heidenhain, Munich Re., Munich.
The next Conference will be held in Boston, USA from 9th September to 13th September 2006
Detmar Heidenhain, Munich