The impacts of climate change on marine cargo insurance

Francois du Plessis, Senior Underwriter Marine – Nordics, at AIG Europe AS is conducting research that aims to understand whether climate change (which bridges as a natural and man-made macro risk) is a source of marine cargo insurance claims.

To do this, he is investigating and identifying:

  • trends, gaps, and limitations in published academic papers through a systematic literature review and bibliometric analysis;
  • possible cause-and-effect relationships between climate change and marine cargo insurance claims,
  • the current perceptions of relevant stakeholders on the impacts of climate change on port operations, cold chains, and marine cargo insurance.

The research is being supervised by Professor Leila Goedhals-Gerber from the Department of Logistics and Dr Joubert van Eeden, from the Department of Industrial Engineering, both from Stellenbosch University.

Du Plessis aims to share the research results through papers published in academic journals and to share the findings within the IUMI community.

IUMI is supporting the work od du Plessis and is encouraging the members of the Cargo Committee to participate in the research.

Du Plessis said that climate change was “one of the most critical issues facing humanity today, with new insights on the topic published on a near-daily basis”. He said that it was becoming “imperative to evaluate these risks and provide the relevant stakeholders with solutions that can assist with forecasting future situations to enable better decision-making”.

He is therefore asking industry members and stakeholders to complete a survey, which is available at:

https://www.surveymonkey.com/r/QLQPQ5T

Francois (Frans) du Plessis is a Senior Marine Underwriter for the Nordics at AIG in Stockholm. He is currently pursuing his PhD in Logistics Management at Stellenbosch University, South Africa. The IUMI Cargo Committee supports Francois’ research.

https://iumi.com/news/iumi-eye-newsletter-june-2022/the-impacts-of-climate-change-on-marine-cargo-insurance