THE CANADIAN BOARD OF MARINE UNDERWRITERS

What THE CANADIAN BOARD OF MARINE UNDERWRITERS does

The Canadian Board of Marine Underwriters (CBMU) is a non-profit professional association founded in 1917 that represents the marine insurance industry in Canada. The organization serves marine insurance underwriters, brokers, and related professionals through three core product lines: Membership Services (annual membership with access to networking, member directory, and discounted event rates), Event Management Services (Spring Conference, Fall Conference, Golf Tournament, and recurring Network Nights held in cities such as Toronto and St. John's), and the Education Portal (paid webinar recordings and educational content on the Marine Insurance Act, hull insurance, marine liability, and Canadian Sanctions). The association is governed by a board of directors and committee chairs, with current leadership including President Danielle Jackson (also VP at Falvey Insurance Group), Vice President Isabelle Therrien, and Director Mike Krunic.

CBMU's business model is non-profit and event-driven, with four revenue streams: membership dues (recurring), event registration fees (one-time per event), sponsorship revenue at Platinum, Gold, and Silver tiers (with major insurers such as Allianz, Burns & Wilcox, and Falvey Insurance Group as Platinum sponsors), and paid educational content sales through the Education Portal. The organization operates from a small headquarters in Mississauga, Ontario, with 1-10 employees working partly in-office and partly remote. Distribution is primarily direct via cbmu.com for event registration, membership enrollment, and webinar purchases, supported by email, social media (LinkedIn, Instagram, Twitter), and in-person events.

The organization maintains strategic partnerships with peer industry bodies including the American Institute of Marine Underwriters (AIMU), the Marine Insurance Association of British Columbia (MIABC), the Canadian Maritime Law Association (CMLA), and the International Union of Marine Insurance (IUMI), and engages with Transport Canada as a government liaison on marine insurance policy, legislation, and regulations. A new member portal is currently in development to consolidate access to news, archived presentations, and resources. The organization's enduring relevance is anchored in its 100+ year institutional history, its role as the primary representative body for Canadian marine insurance, and its embedded access to regulatory and policy discussions.

Name

THE CANADIAN BOARD OF MARINE UNDERWRITERS

Legal name

The Canadian Board of Marine Underwriters

Website

https://cbmu.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

1–10 employees

Short description

The Canadian Board of Marine Underwriters (CBMU), founded in 1917, is a Canadian non-profit professional association representing marine insurance underwriters, brokers, and related professionals through membership services, industry conferences, networking events, and an Education Portal offering webinars on marine insurance law and practice.

Ownership category

akta.pro rank

Product category

Marine Insurance Industry Association

NAICS

Professional Organizations (81392)

SIC

Services-Membership Organizations (8600), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Marine & Aviation Insurance (FSAJAMAI)

Keywords

• Marine insurance association
• Industry membership services
• Professional development webinars
• Insurance industry events
• Trade association representation

Headquarters

HQ city

Mississauga

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: CBMU generates revenue through membership fees from marine insurance industry professionals and companies, providing access to events, educational content, networking, and industry representation.
2. Event Registration Fees: Revenue from registration fees for conferences, golf tournaments, network nights, and other industry events. Pricing varies by event type and membership status.
3. Education Portal - Webinars: Revenue from sale of webinar recordings and educational content on marine insurance topics. Non-member pricing at $105 for Marine Insurance Act seminars; member pricing at $25 for Canadian Sanctions webinar.
4. Sponsorship Revenue: Revenue from corporate sponsors at various tiers (Platinum, Gold, Silver) who support CBMU events and initiatives in exchange for brand visibility and industry recognition.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

The Canadian Board of Marine Underwriters (CBMU) is a non-profit professional association that represents the Canadian marine insurance industry. It delivers membership programs, educational webinars, annual conferences, golf tournaments, and networking events, while providing industry representation on trade policy, legislation, and loss prevention. Revenue is generated through membership dues, event registration fees, paid webinar recordings, and corporate sponsorship tiers.

Product overview

The Canadian Board of Marine Underwriters (CBMU) operates as a professional membership association for the Canadian marine insurance industry, offering a unified portfolio of services centered on education, events, and professional networking. The core offerings include the Education Portal (providing archived webinars and conference recordings), Event Management Services (organizing conferences, golf tournaments, and network nights), Membership Services (with discounted rates and member directory access), and Marine Insurance Resources (glossary and Incoterms references). A Member Portal is currently under development to consolidate access to these resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Education Portal Online platform providing access to recorded webinars, conference session videos, and educational presentations on marine insurance topics including the Marine Insurance Act, hull insurance, marine liability, and Canadian sanctions. Targeted at marine insurance underwriters, brokers, and related professionals seeking continuing professional development.
• CBMU Industry Events (Spring Conference, Fall Conference, Golf Tournament, Network Nights) Organization and hosting of professional events for marine insurance professionals, including annual conferences (Spring and Fall), an annual Golf Tournament, and recurring Network Nights featuring industry speakers, education sessions, and social/networking gatherings. Targeted at CBMU members and non-member marine insurance professionals in Canada.
• CBMU Membership Annual membership in the Canadian Board of Marine Underwriters providing marine insurance professionals and firms access to networking, discounted event and webinar rates, educational resources, and the CBMU member directory.
• CBMU Industry Reference Resources Reference resources including a comprehensive Glossary of Marine Terms and detailed explanations of Incoterms (International Commercial Terms) for international trade, available to members and the public via the CBMU website.
• CBMU Sponsorship Program Tiered sponsorship program offering Platinum, Gold, and Silver sponsorship packages with associated benefits including brand visibility at CBMU events, logo placement on the CBMU website, and industry recognition. Targeted at insurance carriers, brokerages, MGAs, and law firms wishing to engage with the Canadian marine insurance market.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

25 partnerships are on record, tiered flagship, core and minor.

• AllianzflagshipGTM or Marketing PartnerPlatinum Sponsor of CBMU. One of the major global insurance companies supporting CBMU events and initiatives as a top-tier sponsor.
• Burns & WilcoxflagshipGTM or Marketing PartnerPlatinum Sponsor of CBMU. Leading managing general agent supporting CBMU as a top-tier sponsor.
• Falvey Insurance GroupflagshipGTM or Marketing PartnerPlatinum Sponsor of CBMU. Provider of marine insurance solutions and services. Danielle Jackson, VP at Falvey Insurance Group, serves as CBMU President.
• AIGcoreGTM or Marketing PartnerGold Sponsor of CBMU. Major global insurance group supporting CBMU as a Gold-tier sponsor.
• AoncoreGTM or Marketing PartnerGold Sponsor of CBMU. Professional services firm providing risk consulting and insurance brokerage services.
• Arthur J. Gallagher Canada (AJG)coreGTM or Marketing PartnerGold Sponsor of CBMU. Global insurance brokerage and risk consulting firm.
• BFL CanadacoreGTM or Marketing PartnerGold Sponsor of CBMU. Canadian-based insurance brokerage and risk management firm.
• Coast UnderwriterscoreGTM or Marketing PartnerGold Sponsor of CBMU. Marine insurance specialist in Canada.
• CNA CanadacoreGTM or Marketing PartnerGold Sponsor of CBMU. Commercial insurance provider operating in Canada.
• Gardiner Roberts LLPcoreGTM or Marketing PartnerGold Sponsor of CBMU. Law firm providing legal services to the marine insurance industry.
• Liberty Mutual CanadacoreGTM or Marketing PartnerGold Sponsor of CBMU. Insurance company providing commercial and personal insurance solutions.
• Marsh CanadacoreGTM or Marketing PartnerGold Sponsor of CBMU. Global insurance broker and risk consulting firm.
• Zurich Insurance GroupcoreGTM or Marketing PartnerGold Sponsor of CBMU. Global insurance company supporting CBMU events.
• American Institute of Marine Underwriters (AIMU)coreStrategic or Co-development PartnerIndustry partner organization. John A. Miklus, President of AIMU, presents industry updates at CBMU events. AIMU is a not-for-profit trade association representing the U.S. ocean marine insurance industry since 1898.
• Marine Insurance Association of British Columbia (MIABC)coreStrategic or Co-development PartnerRegional industry partner. Jackie Farquharson, President of MIABC, presents updates at CBMU events. Represents marine insurance industry in British Columbia.
• Canadian Maritime Law Association (CMLA)coreStrategic or Co-development PartnerStrategic partner organization. Deborah Hutchings, K.C., Eastern Vice President of CMLA, participates in CBMU events. Marc Isaacs serves as National Vice-President – Ontario of CMLA.
• International Union of Marine Insurance (IUMI)flagshipStrategic or Co-development PartnerGlobal industry body. CBMU participates in IUMI conferences annually. CBMU offers IUMI Conference Award for members. September 2026 IUMI conference scheduled.
• The Mission to Seafarers - Southern OntariominorStrategic or Co-development PartnerCharitable beneficiary of CBMU Golf Tournament 2026. International organization supporting seafarers' welfare.
• Delta St. John's Hotel and Conference CentreminorOthersVenue partner for CBMU Spring Conference 2026 in St. John's, NL. Group rate of $204 per night for CBMU delegates.
• The Rooms (St. John's)minorOthersCultural venue hosting CBMU Welcome Reception 2026. Unique venue offering stunning view of the Narrows and St. John's Harbour.
• Centre for Marine Simulation, Marine Institute, Memorial UniversityminorStrategic or Co-development PartnerEducational partner hosting CBMU Spring Conference tour. Located at the forefront of Canada's ocean technology industry in St. John's, Newfoundland and Labrador.
• Transport CanadacoreStrategic or Co-development PartnerGovernment partner. Caitlin O'Boyle, Manager of Marine Liability and Compensation at Transport Canada, presents at CBMU events on policy, legislation, and regulations including Marine Liability Act, Wrecked Vessels Act, Marine Insurance Act.
• One King WestminorOthersVenue partner for CBMU Fall Conference 2026 in Toronto, ON. Group rate of $325 per night for CBMU delegates.
• Richmond Hill Golf ClubminorOthersVenue for CBMU Annual Golf Tournament. Located at 8755 Bathurst Street, Richmond Hill, ON.
• Kelly's LandingminorOthersVenue for CBMU Network Night Toronto. Located at 123 Front St W, Toronto, ON M5J 2M2.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Marine Insurance Association of British Columbia (MIABC): Regional Canadian marine insurance association focused on British Columbia. Operates a similar membership and events model for a narrower geography, making it a directly comparable sub-national peer.
• American Institute of Marine Underwriters (AIMU): U.S. counterpart trade association for the ocean marine insurance industry, founded 1898. Operates the same membership, education, and industry-representation model for marine underwriters that CBMU runs in Canada, and is a formal CBMU partner.
• International Union of Marine Insurance (IUMI): Global trade body for marine insurance, hosting annual conferences and technical committees (e.g., Cargo, Hull). CBMU is a flagship partner; IUMI represents the international layer of the same value chain CBMU serves in Canada.
• Canadian Maritime Law Association (CMLA): Canadian association of maritime lawyers, addressing legal aspects of shipping and marine insurance. A strategic CBMU partner with overlapping audience (marine practitioners) and complementary rather than competing mandate.

Broad incumbents

• Insurance Institute of Canada (IIC): National Canadian body delivering insurance education, designations (CIP), and professional development across all lines of insurance. Overlaps with CBMU's education offering but covers the broader Canadian insurance industry rather than specializing in marine.

Regional players

• Chartered Insurance Institute (CII): U.K. professional body for the insurance and financial planning industry, providing education, qualifications, and member services. Comparable operating model (membership + education + events) but serving the U.K. market rather than Canada.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights5 records

Customer concentration

• Xtwitter.com/TheCBMU
• LinkedInlinkedin.com/company/cbmu
• Instagraminstagram.com/the_cbmu

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 THE CANADIAN BOARD OF MARINE UNDERWRITERS