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About Alsum

What is ALSUM?
Strategy
Benefits
Committees
Policies
Board of Directors
Founders
Staff

What is ALSUM?

ALSUM is a non-profit organization dedicated to providing information, training courses, accreditation exams, and discussion forums to the community of marine insurance underwriters in Latin America. Our services also extend to insurance and reinsurance brokers, adjusters, risk managers, lawyers, logistics operators, and all professionals interested in the cargo transportation and logistics industry and its insurance. 

Mission 

We work to elevate the underwriting standards of marine or cargo insurance in the region through knowledge sharing (information, discussion, and education), referencing the professional practices of the most advanced markets worldwide, while considering the realities of the Latin American environment. 

Vision 

We aim to establish ourselves in Latin America as the leading source of information and knowledge on marine insurance, the most prestigious entity in recommending standards, risk management practices, clauses, and regulations, and the most recognized and accepted certifier of marine insurance underwriters’ competence in the region. 

gran barco de transporte con contenedores con mercancías mar abierto generativo ai escalado.

Why ALSUM?

Marine insurance is often referred to as the oldest form of insurance. It is not only the oldest but also one of the most complex and globally standardized. The challenge in underwriting marine lines lies in the dynamic nature of the insured risk. Cargo moves through extensive and sophisticated supply chains; trucks travel hundreds of kilometers; vessels navigate seas and rivers; and ports handle millions of containers in fluctuating economic, social, and regulatory environments. Additionally, marine insurance is highly exposed to global service competition and technological evolution. In such a challenging context, a regional association was needed to promote world-class underwriting and risk management standards. ALSUM is a non-profit organization focused on facilitating the adoption of these standards in Latin America for cargo, hull, and marine liability insurance lines through various training programs, information platforms, technical publications, and networking opportunities.

Our History

The ALSUM project was consolidated on May 6, 2011, when Gabriel Fábrega, Xavier Pazmiño, Mauricio de la Guardia, Erika Schoch, Fabricio Campos, James García, María Fernanda Alonso, David Goldbaum, Rodrigo Amengual, and Leonardo Umaña met at AIG’s offices in Miami. They conducted the first strategic planning exercise, which led to drafting the Association’s statutes. ALSUM was conceived as a non-profit foundation, funded by insurance and reinsurance companies with a presence in Latin America, both national and multinational. Thanks to the dedication, ideas, and initial capital contributed by this group of companies, ALSUM is now a reality serving the entire community of professionals involved in the marine insurance industry in Latin America. Our gratitude to our founders is everlasting.

Strategy

ALSUM offers its members a comprehensive agenda of academic activities in various formats: short virtual forums for updates, led by the most qualified and reputable speakers from around the world; e-learning courses with certificates of completion to learn about the business, improve performance, or specialize; practical workshops and underwriting games where members can test their knowledge on real cases or complete simulations.

Benefits

Our members enjoy various benefits related to information, training, networking, and best practices. The academic platform and training spaces provided by ALSUM are excellent opportunities to strengthen or expand your network of contacts. The Association’s various events, such as the Congress or in-person forums, become essential networking spaces to conduct business, exchange information, and, in general, consolidate the Latin American network of stakeholders involved in marine insurance.

Alsum offers its affiliates a complete agenda of academic activities in different formats: cycles of short virtual forums for updating, dictated by the most qualified and reputable speakers located anywhere in the world. E-Learning courses with certificate of approval to learn about the business, improve performance or specialize.

Practice workshops and subscription games, where affiliates can test their knowledge in real cases or in complete simulations.

  • E learning Load.
  • E learning Hulls.
  • Senior management graduate. Coming soon
  • On-demand courses.

Structuring, design and development of course training programs tailored to the needs of our InHouse or Virtual affiliates.

More information: info@alsum.co

A great community at the service of all

The academic platform and training spaces generated by Alsum are an excellent opportunity to strengthen or expand the network of contacts.

The different events of the Association, such as the Congress or the face-to-face Forums, become a fundamental networking space to do business, exchange information and in general consolidate the Latin American network of the actors involved in marine insurance.

Alsum’s network of contacts will facilitate strategic alliances, knowledge transfer and the exploration of new markets.

  • Latin American Marine Insurance
  • Assemblies
  • Technical Committees
  • Forums
  • Affiliate Directory

News and statistics on marine insurance and its environment

Alsum searches, filters, summarizes and publishes the most relevant news of the marine insurance industry and its environment. It also compiles and consolidates statistics on insurance in Latin America and the economic variables that explain its behavior.

Alsum conducts permanent surveys to monitor underwriters’ perceptions and the performance of critical areas of the marine insurance business. Alsum exchanges information with the International Union of Marine Underwriters (IUMI), which allows its users to also have access to the most relevant contents and statistics of the world market. Our production of contents and documents are of great interest to the Latin American marine sector. As an affiliate you will be able to benefit from contents such as:

  • Transport Insurance Manual
  • Technical documents
  • Revista Alsum
  • Latin American market figures
  • Boletines
  • Cargo Handbook

Alsum also provides the most comprehensive directory of underwriters, brokers and marine insurance providers in Latin America and reports daily on the latest news of its community (publications, awards, events, launches) from Mexico to Argentina, including Brazil.

The academic platform and the training spaces provided by Alsum are an excellent opportunity to strengthen or wide your contact network.

Latin American Marine Insurance Conference

  • Assemblies
  • Technical Committees
  • Forums
  • Affiliate Directory

Committees

ALSUM has high-level advisory and decision-making commissions composed of experts with extensive experience in the marine field in Latin America. These include the Educational and Editorial Committee, the Executive Committee, the Cargo and Loss Prevention Technical Committee, and the Hull and Marine Liabilities Technical Committee.

Its function is to promote the objectives of the Association in the field of education for the benefit of all its affiliates, through the structuring and implementation of the Strategic Education Plan and the educational work agenda that emerges from the Technical Committees; it will also monitor and promote the thematic agenda of the Association in its physical and digital publications.

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He/she is in charge of supervising the Association’s expenditure in accordance with the general budget approved by the General Assembly and the attributions policy approved by the full Board of Directors.

Executive Committee Minutes

The documents of the Executive Committee Minutes are exclusively for consultation by members.

Join now by following this link.

Consultar actas aquí

Its purpose is to promote the technical objectives of the Association from the perspective of cargo insurance, as well as loss prevention, for the benefit of all members.

Technical Loading and Loss Prevention Committee Minutes

The documents of the Minutes of the Cargo and Loss Prevention Technical Committee are exclusively for consultation by members.

Join now by following this link.

Consultar actas aqu[i

Its purpose is to promote the technical objectives of the Association from the perspective of cargo insurance, as well as loss prevention, for the benefit of all members.

Minutes of the Technical Committee on Cargo and Maritime Responsibilities

The documents of the Minutes of the technical committee of cargo and maritime responsibilities are exclusively for consultation of affiliates.

Join now by following this link.

Consultar actas aqu[i

Policies

You can consult the Association’s Bylaws, Code of Ethics, and Delinquency Policy on our website.

Statutes

Consult the legal and organizational structure of Alsum ( last updated 14.11.2019 ).

Code of Ethics

Principles governing the Latin American Marine Insurance Association.

Mora Policy

Delinquency Policy for Membership Renewal Payments.

Board of Directors

The Board is responsible for managing and representing the Association and also elects, ratifies, or changes the Secretary-General. It comprises nine (9) members who can only represent companies affiliated with the Association as Principal Members.

Founders

This section acknowledges the insurance and reinsurance companies that, since 2010, envisioned the creation of ALSUM to promote education and professional growth among marine insurance underwriters in Latin America. Thanks to the dedication, ideas, and initial capital contributed by this group of companies, ALSUM is now a reality serving the entire community of professionals involved in the marine insurance industry in Latin America. Our gratitude to our founders is everlasting.

In Europe and North America, the sophistication of marine insurance has justified the creation of century-old institutions such as the International Union of Marine Insurance (IUMI), the American Institute of Marine Underwriters (AIMU), the Inland Marine Underwriters Association (IMUA) and the Canadian Board of Marine Underwriters (CBMU), among others. However, Latin America never managed to consolidate a specialized academic and discussion scenario in marine insurance; until now.

This section is a recognition to the insurance and reinsurance companies that since 2010 had the vision to create the Latin American Association of Marine Underwriters – ALSUM, with the purpose of promoting the education and professional growth of marine insurance underwriters in Latin America.

Thanks to the commitment, ideas and initial capital contributed by this group of companies, Alsum is a reality at the service of the entire community of professionals involved in the marine insurance industry in Latin America.

Our gratitude to our founders will remain forever.

Leonardo Umaña M.
General Secretary

Staff

Information and contact details of the administrative and communications team members of the Association are available on our website.

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