Russell Group has joined the International Union of Marine Insurance (IUMI) as a professional partner.

According to the analytics and risk modelling company, as a professional partner, it is looking forward to broadening the IUMI debate and exchanging expertise and ideas within the marine insurance sector.

The partnership will allow IUMI members to access Russell’s data and analytics expertise, while Russell will benefit by engaging with the broad membership of IUMI during its annual conference, as well as through other meetings, webinars and events.

“We produce a huge range of insights, analytics and industry specific thought leadership that are relevant to the IUMI community. We look forward to engaging with them on the topic of connected risk,” said Suki Basi, Russell Group managing director.

Russell’s data insights and analysis on the crisis in Ukraine have been covered in major media and shipping trade publications. According to Basi, Russell’s data on the value of trapped assets and their economic exposures, as well as the marine and non-marine classes affected by the event have been validated by clients and media reports.

“We are moving into a new world,” Basi said. “How will this change underwriting towards being more resilient and sustainable in a more connected trade environment? The emergence of outcome-based insurance solutions protecting trade from disruption, will form part of the answer. We look forward to sharing our analysis with the IUMI membership at this year’s annual conference and throughout the year.”