Insights from Nordic Association of Marine Insurers' Annual Seminars
Explore a collection of images and data revealing key trends and insights discussed at the annual seminars of the Nordic Association of Marine Insurers. Topics cover board members, claim frequencies, pricing challenges, vessel portfolios, volatile claim costs, and more.
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2014 Annual seminar The Nordic Association of Marine Insurers
Cefor Board of Directors as per 3 April 2014 Members: Personal Deputies: Svein Ringbakken, DNK, Chair Leif Nordlund, Alandia Insurance, Vice Chair Arne Gangdal, Gjensidige Christen Guddal, Gard Tord Nilsson, The Swedish Club Hans Christian Seim, NHC Rickard Svensson, If Anne Systad, Codan G ran Skuncke Jan Limnell Petter B hler Jan-Hugo Marthinsen Lars Rhodin Jan Limnell Jonny Gangstad Scott rmen The Nordic Association of Marine Insurers
2012: The year of the titans The Nordic Association of Marine Insurers
Frequency all-time low Claims frequency by size of claims The Nordic Association of Marine Insurers
Costly exceptions the new normal? Claims per vessel by size of claims (USD) The Nordic Association of Marine Insurers
Pricing challenge Ultimate partial and total claim cost per vessel The Nordic Association of Marine Insurers
Median values stable Median claim cost (USD), claims in excess of a certain amount The Nordic Association of Marine Insurers
Coastal portfolio Number of vessels by type by year of exposure 12,000 Other 10,000 Tank (Chem./Prod., LNG, LPG, OBO, Tank) 8,000 Passenger 6,000 4,000 Cargo (Bulk, Cargo, Container) 2,000 Fishing 0 2013 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 From 2010 improved reporting by coastal marine clubs => increase in number of minor fishing vessels
Higher insured values = more volatile claim cost Partial claim cost per vessel by sum insured layer, incl IBNR
Program Shipping market outlook Nicolai Hansteen, Senior Shipping Analyst, Pareto Securities Marine insurance market outlook Rolf Thore Roppestad, Chief Executive Officer, Gard Sanctions due diligence Prof. Dr. Dieter Schwampe, Dabelstein & Passehl Light Well Intervention vessels - How they operate - Insurance; drawing the line between marine & energy H vard Ulstein, Managing Director, Island Offshore Georg Nygaard, Senior Underwriter Offshore Energy, Norwegian Hull Club The Nordic Association of Marine Insurers
