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INLAND MARINE UNDERWRITERS ASSOCIATION
NEW YORK, NY · EIN 135564002 · Form 990 · FY2024 · Medium ($1M-$10M) · imua.org
revenue
$1.6M
expenses
$1.5M
net assets
$1.2M
employees
3
volunteers
195
mission · from form 990

IMUA SERVES AS THE COLLECTIVE VOICE OF THE U.S. INLAND MARINE INSURANCE INDUSTRY.

profile · synthesized from sources

Inland Marine Underwriters Association (IMUA) is the national trade association for the U.S. commercial inland marine insurance industry, founded in 1930. It serves as the collective voice of insurers and reinsurers in this $25+ billion niche, providing education, advocacy, and networking. The organization delivers technical training through webinars, regional seminars, and annual forums focused on underwriting, risk management, and regulatory issues.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $0
    WEB SEMINARS AND VIRTUAL CLASSES/FORUMS - ABOUT 12 -18 IN A CALENDAR YEAR, A VOLUNTEER-BASED REGIONAL COMMITTEE AND/OR TECHNICAL COMMITTEES ARRANGE FOR A WEB SEMINAR, TYPICALLY 60-75 MINUTES IN DURATION WHERE GEOGRAPHICALLY REMOTE SITES ACROSS THE U.S., AND SOMETIMES INTERNATIONALLY, CAN LOG INTO THE AUDIO/VISUAL PRESENTATION ON A TOPICAL ISSUE USUALLY PRESENTED BY A NON-INSURANCE EXPERT, E.G. HURRICANES AND THE IMPACT ON LEVEES. REGISTRATION IS COMPLIMENTARY TO IMUA MEMBERS AND THERE MAY BE MORE THAN ONE MEMBER IN ATTENDANCE AT EACH SITE. MEMBER COMPANIES FIND THIS IS A COST EFFECTIVE AND EFFICIENT WAY TO PROVIDE EDUCATION AND TECHNICAL INFORMATION TO THEIR EMPLOYEES (THERE IS NO ADDITIONAL COST TO ATTEND WEBINARS AS ALL ACCESS TO ALL VIRTUAL PROGRAMS IS NOW INCLUDED IN IMUA'S COMPANY MEMBERSHIP FEE. IN 2024, IMUA PRESENTED 12 EDUCATIONAL WEBINARS AND 5 VIRTUAL CLASSES WITH EACH SESSION ATTRACTING AN AVERAGE OF 300 REGISTRANTS FOR A DURATION OF 60 TO 75 MINUTES FOR WEBINARS AND 3 HOURS FOR THE VIRTUAL CLASSES/FORUMS.
  2. #2 $0
    REGIONAL SEMINARS - IMUA HAS 9 REGIONAL ADVISORY COMMITTEES LOCATED IN TORONTO, NEW YORK, ATLANTA, COLUMBUS, CHICAGO, DALLAS, BOSTON, RICHMOND, AND SAN FRANCISCO. AT VARIOUS TIMES THROUGHOUT THE CALENDAR YEAR, THESE VOLUNTEER-BASED COMMITTEES EACH HOLD ONE OR MORE BREAKFAST/LUNCH-N-LEARN/HALF-DAY/FULL DAY LIVE EDUCATIONAL SEMINARS, OFTEN WITH STATE INSURANCE DEPARTMENT CONTINUING EDUCATION CREDITS, ON A MYRIAD OF INSURANCE TOPICS GERMANE TO A GEOGRAPHIC AREA. THEY ALSO OCCASIONALLY HOST NETWORKING SOCIALS AND/OR FIELD TRIPS TO GET A CLOSER LOOK AT VARIOUS INLAND MARINE INSURANCE EXPOSURES (I.E. VISITING A REFRIGERATED WAREHOUSE TO SEE THE VARIOUS INLAND MARINE TRANSPORTATION AND WAREHOUSE LEGAL LIABILITY EXPOSURES. ATTENDANCE FOR THESE SEMINARS EVENTS TYPICALLY RANGES FROM LOW 20S UP TO 100 ATTENDEES. IN 2024, IMUA HOSTED 8 IN-PERSON REGIONAL EVENTS.OBJECTIVE/ ACCOMPLISHMENT- PRIMARILY EDUCATION AND TRAINING BUT ALSO NETWORKING/STRENGTHENING INDUSTRY CONNECTIONS.
named programs · 4 · from sources

What they call their work

Foundations of Inland Marine Certification
Educational initiative providing foundational training for professionals in the inland marine insurance sector; part of IMUA's long-term strategy to strengthen industry knowledge and leadership
IMUA Advanced Builders Risk Forum
Annual forum focused on builders risk market challenges and opportunities, featuring expert panels, interactive sessions, and optional tours of active construction sites; targets underwriters, brokers, claims professionals, and risk specialists
Regional Seminars
Live educational seminars organized by volunteer regional advisory committees in cities including New York, Atlanta, Chicago, and San Francisco; sessions offer continuing education credits and cover geographically relevant insurance topics
Web Seminars and Virtual Classes
Monthly webinars and virtual classes on technical and topical issues in inland marine insurance, featuring non-insurance experts and industry specialists; offered at no additional cost to members as part of membership benefits
activities · 5 groups

What they do

  • Industry Research and Benchmarking 1 activity
    • Conduct and disseminate industry research
      Engages in research projects led by industry volunteers and disseminates findings through research papers, news articles, and industry analysis to support the inland marine insurance community.
  • Industry Advocacy and Regulatory Engagement 1 activity
    • Conduct legislative and regulatory advocacy for the inland marine insurance industry
      Monitors legislation and regulation affecting the inland marine insurance sector, communicates updates to member companies, and advocates on their behalf. Collaborates with other professional organizations to inform policymakers and has pursued continuing education (CE) credit approvals for agents and brokers in states like Texas.
  • Professional Certification and Continuing Education 1 activity
    • Deliver educational programming for inland marine insurance professionals
      Provides comprehensive training and education through webinars, virtual classes, seminars, e-learning courses, and in-person regional events. In 2024 alone, presented 12 webinars and 5 virtual classes (averaging 300 registrants each) and hosted 8 in-person regional events. Programming includes interactive formats such as roundtable discussions, live polling, Q&A sessions, and panel discussions on topics like reinsurance markets and MGAs.
  • Professional Networking Events 1 activity
    • Facilitate professional networking and engagement among members
      Organizes structured networking opportunities including happy hours, social gatherings, field trips to equipment yards and active construction sites, and committee-based collaboration. These activities are integrated into in-person events and forums to foster peer-to-peer learning and relationship building within the inland marine insurance industry.
  • Organizational Governance & Leadership Development 1 activity
    • Support member-driven governance and leadership development
      Operates through member-driven committees as a core organizational structure and opened the Board of Directors application process to all members, promoting inclusive leadership pathways and participatory governance within the association.
financials · form 990 · fy2024
revenue
Total revenue$1.64M
Contributions & grants$00%
Program service revenue$1.60M98%
Investment income$18K1%
Other revenue$20K
expenses
Total expenses$1.54M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$669K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.47M
Cash$726K
Investments$602K
Liabilities$280K
Net assets$1.19M
Liquid reserves10.4 mo
5 years on record · 2020–2024 · YoY revenue +20.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
KEVIN O'BRIEN PRESIDENT/CEO 40 $307K
LILLIAN COLSON VICE PRESIDENT/SECRETARY 40 $222K
board members · 18
  • ALEXANDER MCGINLEY — DIRECTOR (THRU AUG 2024)
  • ANNE CALIENTO — DIRECTOR
  • ANTHONY FALCONE — CHAIR
  • ARTHUR SIEDER — DEPUTY CHAIR
  • BEN TUTTLE — DIRECTOR
  • BRADLEY CAMERON — DIRECTOR
  • BRUCE S JERVIS — DIRECTOR
  • JESSICA FRANKOVICH — DIRECTOR
  • JON MOSBY — DIRECTOR
  • JOSH JENNINGS — DIRECTOR
  • KEITH SCRANTON — DIRECTOR
  • KEN MUELLER — DIRECTOR
  • MICHELLE HOEHN — DIRECTOR
  • PAUL ORSI — DIRECTOR
  • RANDY SCHLOSSER — DIRECTOR
  • RICHARD SOJA — DIRECTOR (THRU OCT 2024)
  • SHARON PRIMERANO — VICE CHAIR
  • VICKY HARTMAN — DIRECTOR
relationships · 29

Who they work with

  • AAIS Partner — Platinum sponsor of the IMUA Advanced Builders Risk Forum.
  • Amwins Partner — Provides moderators for panel discussions at IMUA events.
  • Atlanta Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Atlanta area.
  • Boston Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Boston area.
  • Chicago Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Chicago area.
  • Chubb Partner — Platinum sponsor of the IMUA Advanced Builders Risk Forum.
  • Columbus Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Columbus area.
  • DUAL North America Partner — Participates in panel discussions on MGAs at IMUA events.
  • Dallas Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Dallas area.
  • Guy Carpenter, A Marsh Company Partner — Collaborates to present on the state of the reinsurance market at IMUA events.
  • HUB International Partner — Gold sponsor of the IMUA Advanced Builders Risk Forum.
  • IMUA Network — National trade association for the commercial inland marine marketplace.
  • Insurance Services Office Partner — IMUA transferred its form-drafting and rating functions to the Inland Marine Insurance Bureau, which became part of Insurance Services Office in 1971.
  • Legislative and Regulatory Affairs Committee Coalition — Committee responsible for guiding IMUA's legislative and regulatory advocacy efforts.
  • Los Angeles Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Los Angeles area.
  • National Association of Insurance Commissioners (NAIC) Government — NAIC amended the Nationwide Marine Definition in 1976, a definition originally published in 1933 and used by IMUA.
  • National Specialty Report (NSR) Partner — Silver sponsor of the IMUA Advanced Builders Risk Forum.
  • New York Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the New York area.
  • RT Specialty Partner — Silver sponsor of the IMUA Advanced Builders Risk Forum.
  • Richmond Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Richmond area.
  • Ritchie Bros. Yards Partner — Hosts IMUA field trips at its Amaranth, ON location for educational programming.
  • SalvageSale, a Ritchie Bros. Company Partner — Provides subject matter expertise through its General Manager, Insurance Services, for IMUA educational events.
  • San Francisco Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the San Francisco area.
  • Striior Partner — Gold sponsor of the IMUA Advanced Builders Risk Forum.
  • Swiss Re Partner — Platinum sponsor of the IMUA Advanced Builders Risk Forum.
  • The Hanover Insurance Group Partner — Collaborates with The Hanover Insurance Group through shared presenters at industry events.
  • Toronto Regional Advisory Committee Partner — Volunteer-based committee organizing regional educational seminars and events in the Toronto area.
  • U.S. Marine Insurance Group Partner — Participates in panel discussions on MGAs at IMUA events.
  • W K Webster, LTD (a Gallagher Bassett Company) Partner — Provides subject matter expertise through its SVP, Inland Marine Claims, for IMUA educational events.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Member-Driven Collaborative Knowledge Sharing
    methodology: network_driven_knowledge_sharing
    By structuring governance and programming around member-led committees and interactive formats, the association fosters trust and relevance in knowledge exchange because peer-driven content and dialogue increase engagement and practical applicability.
  • Peer-Led Experiential Learning
    methodology: peer_powered_experiential_learning
    By engaging industry professionals as volunteer educators and organizing hands-on field experiences, the association deepens practical understanding of inland marine risks because real-world exposure and peer teaching enhance retention and contextual learning.