Initiative: Embedding Seafarer Welfare into Insurance and Investment Decisions

SSI's work on insurance and welfare sits within our Human Risk and Resilience platform, which focuses on making people risk visible and material in operational and commercial decision making.

We have brought together a loose working group of P&I and hull and machinery (H&M) insurers to explore how welfare risk can be recognised within underwriting and claims decisions, rather than treated as an externality. The group includes representation from across the major P&I and marine insurance market.

This sits alongside our engagement with the Poseidon Principles for Marine Insurance and with IUMI, where we are working through how shared definitions and frameworks could allow welfare indicators to be used consistently across insurers and investors. 

This programme is supported by the ITF Seafarers' Trust, and delivered jointly with IHRB.

The underlying aim is consistent with SSI's broader approach: identify where risk and capital leverage are currently misaligned, and build the shared reference points that let welfare be treated as a material, decision relevant factor rather than a reputational afterthought.

To learn more, or get involved, contact Kristina Kunigenas, SSI’s Human Risk & Resilience Lead.