VIRTUAL: Academy - Cargo Insurance. What is it? Who needs it?

Marine cargo insurance may be required by any business that manufactures, buys, or sells finished products, components, or raw materials. Technological advances have raised expectations among customers in terms of delivery, but keeping control as goods move across borders remains a difficulty. This has the propensity to disrupt supply chains, with negative impacts on customer loyalty, company reputation, and cash flow.  

NMU, a leading UK-based cargo insurer, will explain the benefits of marine cargo (stock throughput) insurance and what to be aware of in terms of potential loss scenarios. Partnering with BSI Supply Chain Services, they can offer clients an opportunity to develop a more robust approach to supply chain risk management

By the end of the session, you will be able to:

• Explain the basic principles of marine cargo insurance and the role it plays in protecting businesses who transact goods.
• Give examples of the risks associated with moving goods across borders, both national and international using different modes of transport.
• Summarise how supply chains are vulnerable to disruption by organised criminal activity.
• Recognise how risk management plays a key role in ensuring the integrity of supply chains and the processes used to deliver this.

Speakers:

Dean Gribben – Cargo & Freight Underwriting Manager, NMU

Ian Allman – Risk Control Manager, NMU

David Fairnie – Principal Consultant Supply Chain Security, BSI

Paul Raw, Supply Chain Security Consultant, BSI