Expensive vessels = expensive repairs

Expensive vessels = expensive repairs

Cefor published Nordic Marine Insurance Statistics as of 31 December 2013 in conjunction with its Annual General Meeting 3 April. The statistics highlight recent claim trends and give an overview over the Nordic marine insurance market.

The favourable post financial-crisis claims trend has continued, with some rather costly exceptions. In 2012, the exception was a surge in total losses of high-value vessels. In 2013, the exception was the two first partial losses in excess of USD 60 million ever recored in the NoMIS database as well as a somewhat high frequency of total losses.

2013 NoMIS reports
(Ocean and coastal hull trends derived from NoMIS portfolio)

2014 Fact sheet
(Cefor Marine Insurance Market Overview)