2017 June Hull claims trends

2017 June Hull claims trends

Major claims impact was low both in 2016 and the first half of 2017. The overall claims frequency continued its positive trend. The total loss frequency is slightly up from 2016, but stays within an upper bound of about 0.1%. 

Insured values dropped on average 5.7% on 2017 renewals. While the bulker market seems to have recovered in 2017 after two-digit value reductions in 2016, this is not the case for supply/offshore vessels. These had in 2017 value reductions of about 14% for the third consecutive year. 

Read the whole report here.