The CEO of American Hellenic Hull Insurance Company, Mr. Ilias Tsakiris at the 2020 SAFETY4SEA Limassol Forum on Tuesday, March 10th, highlighted that it is time for action towards a more sustainable shipping industry.
He shared the key pillars of focus for the industry to reinvent the way it does business in line with the UN Sustainable Development Goals. Discussing also how the International Maritime Organization’s regulations affect the marine insurance industry, he focused on how marine insurers should respond to environmental, societal, and governance risks arising from these regulations. “Building a resilient future for all should not only be focused on the implementation of regulations developed by international or national organizations,” Mr. Tsakiris told the audience.
In addition, he stressed that we need to embrace sustainability fully, and this will occur only if all stakeholders related to the maritime adventure – the Organizations and Regulators, the shipping industry, and the services associated with the maritime industry such as the marine insurance community – all sit at the same table and enhance the dialogue that will lead to regulations, targets and best practices that can be implemented by the industry.
“Looking ahead, the coming decade is the decade of sustainability, and as a maritime community, we should all do our utmost to confront the challenges involved successfully,” concluded Mr. Ilias Tsakiris at the 2020 SAFETY4SEA Limassol Forum.