2013 annual seminar the nordic association of marine insurers
TRANSCRIPT
The Nordic Association of Marine Insurers
2013 Annual seminar
The Nordic Association of Marine Insurers
Cefor Board of Directors as per 21 March 2013
Members:
Svein Ringbakken, DNK, Chair
Leif Nordlund, Alandia Insurance, Vice Chair
Arne Gangdal, Gjensidige
Jan-Hugo Marthinsen, Gard
Tord Nilsson, The Swedish Club
Hans Christian Seim, NHC
Rickard Svensson, If
Anne Systad, Codan
Personal Deputies:
Göran Skuncke
Jan Limnell
Petter Bøhler
Rolf Thore Roppestad
Lars Rhodin
Jan Limnell
Jonny Gangstad
Scott Ørmen
The Nordic Association of Marine Insurers
2011: Calm before the storm...?
The Nordic Association of Marine Insurers
2011: Absence of major claims...
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0
20,000
40,000
60,000
80,000
100,000
120,000
Claim per vessel (USD), by date of loss
> 50 MUSD30-50 MUSD10-30 MUSD5-10 MUSD1-5 MUSD<= 1 MUSDIBNR
Date of loss
The Nordic Association of Marine Insurers
2012: ....we got six > USD 30 million
USD Claim per vessel, by date of loss
The Nordic Association of Marine Insurers
The year of the titans
The Nordic Association of Marine Insurers
Claim in excess of USD 30 million as % of total claim cost
The Nordic Association of Marine Insurers
Frequency stable
Claim frequency, by date of loss
The Nordic Association of Marine Insurers
More good news – Coastal Portfolio
Average individual costal hull claim in USD by date of loss
The Nordic Association of Marine Insurers
Program
• Shipping market outlookJonas Kraft, Financial Analyst, Pareto Securities
• Managing the risk of Arctic Exploration Rune Torhaug, Managing Director, DNV Research & Innovation
• Maritime opportunities in the ArcticSturla Henriksen, Director General,Norwegian Shipowners’ Association
• Arctic - Check list for Arctic sailings- Project SARiNORStein Are Hansen, Assistant director – Client Services, NHC& member of Cefor WP for Arctic sailings