Marine underwriters have opened a debate on how they will incorporate decarbonisation technology and emissions accounting into their more routine actuarial concerns.

As decarbonisation momentum gathers pace, questions over the role of insurers — for the first time — dominated this year’s International Union of Marine Insurance (IUMI) annual conference.

President Richard Turner described the event as a “watershed moment in terms of IUMI embracing the ESG [environmental, social, and corporate governance] agenda”.