Overview
What is Inland Marine Underwriters Association?
Inland Marine Underwriters Association (IMUA) is a nonprofit organization situated in New York City, specifically at 14 WALL STREET 820. Serving as the collective voice of the U.S. inland marine insurance industry, IMUA's main objective is to stimulate the exchange of information and knowledge, and facilitate discussions on matters affecting inland marine insurance. The association achieves this through various regional and technical committees. IMUA's primary activities include publishing reports and articles, keeping members informed about economic, technical, and technological developments in the industry, monitoring regulations, and advocating for member companies' interests when necessary. Additionally, the organization focuses on risk reduction and loss control, analyzing loss trends, and hosting an annual meeting in the U.S. for networking and education. The 2022 annual meeting attracted 315 attendees, featuring board meetings, educational sessions, and recreational events. With a relatively small workforce of 3 individuals, IMUA plays a significant role in the U.S. inland marine insurance industry by providing a platform for knowledge sharing, advocacy, and professional development.
Official website here: www.imua.org
Is Inland Marine Underwriters Association legitimate?
Inland Marine Underwriters Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Inland Marine Underwriters Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $499,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,383
For more financial information, click here
Official website here: www.imua.org
What is the mission statement of Inland Marine Underwriters Association?
The Inland Marine Underwriters Association (IMUA) serves as the collective voice of the U.S. inland marine insurance industry. Its primary mission is to stimulate the transfer of information and knowledge, and provide a platform for debating issues that impact inland marine insurance. IMUA achieves this through various regional and technical committees.
One of IMUA's major activities involves publishing reports and articles on topics of interest to member companies and other organizations. It keeps its members updated on economic, technological, and regulatory developments in the inland marine industry. The association also monitors federal and state regulations, legislative issues, and judicial trends affecting inland marine insurers, and advocates for appropriate positions on behalf of its members.
IMUA is also involved in examining risk reduction and loss control, and analyzing and reporting on loss trends. Its goal is to help inland marine insurers improve their operations and make informed decisions. Overall, IMUA aims to support and strengthen the inland marine insurance industry.
Official website here: www.imua.org
Who is the CEO of Inland Marine Underwriters Association?
Kevin O'Brien is the CEO of Inland Marine Underwriters Association The CEO's salary of Inland Marine Underwriters Association is $277,570 and their total compensation is $293,107.
Official website here: www.imua.org
What is the revenue of Inland Marine Underwriters Association?
Inland Marine Underwriters Association's revenue in 2023 was $1,357,215.
Official website here: www.imua.org
Who are the executives of Inland Marine Underwriters Association and what are their salaries?
The average compensation at Inland Marine Underwriters Association during 2023 was $182,561. There are 3 employees and 190 volunteers at Inland Marine Underwriters Association.
Here are 20 key members and their salaries (Inland Marine Underwriters Association's CEO's salary is $277,570 and their total compensation is $293,107):
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- Other: $38,623
- Compensation: $277,570
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- Other: $15,537
Official website here: www.imua.org
Where can I find the form 990 for Inland Marine Underwriters Association?
Inland Marine Underwriters Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.imua.org
Learn more at the official website: www.imua.org
Mission Statement of Inland Marine Underwriters Association
The Inland Marine Underwriters Association (IMUA) serves as the collective voice of the U.S. inland marine insurance industry. Its mission is multifaceted, aiming to stimulate the transfer of information and knowledge within the industry and provide a platform for debating issues that impact inland marine insurance. IMUA accomplishes this through various regional and technical committees.
One of the primary activities of IMUA involves publishing a variety of topical reports and newsroom articles in areas of interest to member companies and other relevant organizations and individuals. This endeavor keeps the members informed about economic, technological, and technical developments in the various inland marine lines of business. The association also monitors federal and state regulations, legislative issues, judicial trends, and developments affecting inland marine insurers. When necessary, IMUA advocates positions on behalf of its member companies, ensuring the industry's best interests are represented.
In addition to these activities, IMUA examines risk reduction and loss control, and analyzes and reports on loss trends. By doing so, the association helps its members navigate the complexities of the inland marine insurance industry, ensuring they remain informed, engaged, and prepared to face the challenges that lie ahead.
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Impact
October, 2024
The Inland Marine Underwriters Association (IMUA) plays a pivotal role in shaping and advancing the U.S. inland marine insurance industry. By serving as the collective voice of its members, IMUA facilitates communication and collaboration among industry professionals, ensuring that critical information and insights are shared effectively.
The annual meetings, typically held in the spring, are significant events that foster networking and professional development. With educational sessions covering topical issues, these gatherings also provide continuing education opportunities, enhancing the knowledge base of participants. The event attracts substantial attendance, reflecting the industry's commitment to ongoing learning and collaboration.
Additionally, IMUA actively engages in monitoring regulatory, legislative, and judicial developments that impact the industry. By advocating for positions that serve the best interests of its members, IMUA ensures that the voices of inland marine insurers are heard in policy discussions.
Through regional and technical committees, the association stimulates the exchange of information and expertise, promoting dialogue on challenges and opportunities within the field. Its efforts to publish topical reports and articles keep members informed about economic trends and technological advancements, which are essential for maintaining competitive advantage.
Overall, IMUA significantly influences the development, regulation, and professional standards of the inland marine insurance industry, promoting mutual benefit and resilience among its constituents.
This information is meant to be a general summary of Inland Marine Underwriters Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $12,342
- Program Service Revenue: $1,333,296
- Gross Receipts: $1,357,215
Assets and Liabilities:
- Total Assets: $1,138,925
- Total Liabilities: $121,249
- Net Assets: $1,017,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$946,901
ANNUAL MEETING
Revenue
$367,685
SEMINARS
Revenue
$18,710
Organization Details
Founding Year
1931
Principal Officer
Kevin O'Brien
Website
www.imua.orgNTEE Category
Code: Y20 - Mutual benefit
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