Marine Insurance Association of British Columbia

What Marine Insurance Association of British Columbia does

The Marine Insurance Association of British Columbia (MIABC) is a non-profit professional association serving marine insurance practitioners in British Columbia, Canada. Founded at least as early as 1929 and formerly known as the Association of Marine Underwriters of British Columbia, the association promotes education, professional standards, networking, and fellowship within the BC marine insurance profession. It operates as one of only two Marine Insurance Associations in Canada, coordinating nationwide with the Canadian Board of Marine Underwriters (CBMU) based in Toronto.

MIABC's core offerings include: (1) educational seminars accredited by the Insurance Council of BC for continuing education credits, (2) the Lynn Davis Memorial Scholarship for members' families pursuing post-secondary education, (3) a proprietary library of standardized marine insurance wordings and clauses specific to Pacific Canadian operations (including BC Builders' Risk Clauses, BC Hull Forms, Fishing Vessel Endorsements, and Trading Warranties), and (4) a committee-based governance structure spanning Executive, Market, Claims, Education, Social, and Legislative functions. The organization is governed by a volunteer Executive Committee of up to seven members elected at the Annual General Meeting, with operational support from 11-50 staff.

Revenue is generated primarily through tiered membership fees (Full, Associate, Country, and Honorary membership categories for licensed insurance companies, underwriting agencies, brokers, agents, and retired/distinguished individuals) supplemented by event fees ranging from $30-$195 per attendee for seminars, social events, and the annual golf tournament. The association serves enterprise-class member organizations including Zurich, Aon Reed Stenhouse, Harlock Murray Underwriting, Coast Underwriters, Victory Marine Underwriting Managers, Bernard LLP, White Coral Offshore, and Navis Marine Insurance Brokers. Technology infrastructure is minimal, consisting of a Squarespace-hosted website and BookWhen self-serve event registration platform — no AI/ML capabilities, APIs, or proprietary software products are offered.

Name

Marine Insurance Association of British Columbia

Legal name

Marine Insurance Association of British Columbia

Website

https://miabc.ca

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

The Marine Insurance Association of British Columbia is a non-profit professional association that promotes education, networking, and industry standards for marine insurance practitioners across British Columbia through accredited seminars, standardized policy wordings, and member-driven committee governance.

Ownership category

akta.pro rank

Product category

Marine Insurance Professional Association Services

NAICS

Professional Organizations (813920)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)

akta.pro secondary industries

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Marine insurance association
• Professional membership services
• Marine underwriting education
• Industry wordings clauses
• Insurance networking events

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: The MIABC generates revenue through various membership categories including Full Membership for licensed Insurance Companies, Underwriting Agencies, Brokers and Agents transacting marine insurance business in BC; Associate Membership for qualified Marine Underwriters not resident in BC; Country Membership for retired or partially retired members; and Honorary Membership for distinguished individuals.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

The Marine Insurance Association of British Columbia is a non-profit professional association that promotes education, harmony, fellowship, and good practice in the marine insurance profession. It offers tiered membership programs (Full, Associate, Country, Honorary), accredited educational seminars, standardized industry wordings and clauses for Pacific Canadian marine insurance, and networking events such as golf tournaments, social mixers, and an annual general meeting.

Product overview

The Marine Insurance Association of British Columbia is a non-profit professional association for marine insurance practitioners. Rather than a unified software product, it offers an integrated suite of professional services: educational seminars providing Insurance Council of BC accreditation credits, the Lynn Davis Memorial Scholarship for member families, standardized industry wordings and clauses for marine insurance transactions, and organized committee structures covering Executive, Market, Claims, Education, and Social functions. Membership programs serve licensed insurance companies, underwriting agencies, brokers, and agents transacting marine business in British Columbia.

Differentiator

Problem solved

Functional benefit

Products and services

• Educational Seminars Professional development seminars offering continuing education credits accredited by the Insurance Council of BC, including quarterly one-hour presentations on marine insurance topics for members and non-members.
• Membership Programs Tiered membership categories including Full Membership for licensed Insurance Companies, Underwriting Agencies, Brokers and Agents transacting marine insurance business in BC; Associate Membership for qualified Marine Underwriters not resident in BC; Country Membership for retired members; and Honorary Membership for distinguished individuals.
• Industry Wordings and Clauses Standardized marine insurance document templates including BC Builders' Risk Clauses (1989), BC Hull Forms (1962), Canadian Pacific Fishing Vessel Endorsements (1991), Canadian Pacific P&I Clauses (2007), Scow Cargo Clauses (1966), Total Loss and Excess Liabilities Clauses (2005), Canadian Hulls Pacific Clauses (2005), and Trading Warranties #1, #2, #2A, and #3.
• Lynn Davis Memorial Scholarship Annual scholarship program for full-time students with direct affiliation to MIABC members, intended for post-secondary education in marine or insurance-related fields.

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, supporting and minor.

• Canadian Board of Marine Underwriters (CBMU)coreStrategic or Co-development PartnerThe MIABC works together with CBMU on a nation-wide basis. CBMU is the other Marine Insurance Association in Canada, based in Toronto, Ontario. The two associations collaborate on national marine insurance matters and share conference events.
• Transport CanadasupportingOthersListed as an industry link on the MIABC website. Transport Canada provides regulatory oversight for marine transportation and shipping in Canada.
• Insurance Council of BCcoreStrategic or Co-development PartnerThe MIABC takes an active role in providing opportunities for its membership to attend and participate in educational seminars that offer accreditation with the Insurance Council of B.C.
• Insurance Institute of CanadasupportingStrategic or Co-development PartnerListed as an industry link for professional development and insurance education in Canada.
• International Union of Marine Insurance (IUMI)supportingStrategic or Co-development PartnerIUMI is the global association for marine insurers. MIABC members have access to IUMI conferences and resources.
• Marine Insurance Association of SeattlesupportingStrategic or Co-development PartnerRegional peer association in the Pacific Northwest. Listed as an industry link for cross-border marine insurance professional networking.
• Board of Marine Underwriters of San FranciscosupportingStrategic or Co-development PartnerRegional peer association on the US West Coast. Listed as an industry link for cross-border marine insurance professional networking.
• BackPack BuddiesminorOthersLocal charity partner for the Spring Social event. Partial proceeds from ticket sales go to BackPack Buddies, which partners with local schools to feed hungry families.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Lloyd's of London: Global specialty insurance market with significant marine insurance exposure. Many MIABC member brokers and underwriters interface with Lloyd's syndicates, making it a relevant incumbent in the broader marine insurance ecosystem.
• International Union of Marine Insurance (IUMI): Global association for marine insurers, providing MIABC members access to international conferences and resources. Operates one tier above national/regional associations like MIABC.

Regional players

• Board of Marine Underwriters of San Francisco: US West Coast marine insurance association linked from MIABC's site. Comparable role for the California Pacific marine insurance market, with similar educational, social, and industry standardization functions.
• Marine Insurance Association of Seattle: Regional Pacific Northwest marine insurance association listed as an industry link on MIABC's website. Operates across the BC/Washington border geography and shares the Pacific marine insurance practitioner community.

Others

• Insurance Institute of Canada: National Canadian insurance education body listed as an industry link. While not marine-specific, it partners with MIABC on professional development and continuing education for insurance professionals.
• Insurance Council of British Columbia: BC insurance regulatory body that accredits MIABC's educational seminars for continuing education credits. A core institutional partner rather than a competing peer.

Direct peers

• Canadian Board of Marine Underwriters: The other Marine Insurance Association in Canada, based in Toronto, serving Atlantic and national-level marine insurance professionals. Explicitly identified as MIABC's national counterpart, collaborating on nationwide marine insurance matters.
• American Institute of Marine Underwriters: National US marine insurance association offering education, advocacy, and industry resources. Most directly comparable US-based peer to MIABC's role in Canada, similar membership and service model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marine Insurance Association of British Columbia