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Marine insurers’ legal and reputational risks from modern slavery: IUMI guidance, underwriting due diligence, seafarer abandonment, and UK Modern Slavery Act 2015 reporting duties

Published on: 27 August 2025

Published by a Law360 reporter
Legal News
Article summary

On 26 August 2025, the IUMI stated that underwriters might be viewed as facilitating human rights abuses committed by their commercial policyholders. Modern slavery is an expansive concept that includes forced labour, debt bondage and human trafficking. The IUMI highlighted that seafarers face particular danger because many hail from economically disadvantaged regions, endure exploitative recruitment practices and have limited routes to justice. It added that insurers must exercise enhanced due diligence to ensure they are not in any way complicit in sustaining modern slavery. 'Although they may not be directly involved...

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