CEFOR - NoMIS (Nordic Marine Insurance Statistics)

27.08.2009
Hull Claims Trends Update, as of 30 June 2009
Check the latest claims trends as of June 2009 here:

Download Claim Update Fact Sheet 2009!

06.03.09
The 2008 CEFOR NoMIS Report (Nordic Marine Insurance Statistics)
Here again is the annual update of the annual NoMIS statistics report, with comprehensive claims data by age group, vessel types, size groups and further key figures, on underwriting year basis.

The 2008 NoMIS Report

27.08.2008
Hull Claims Trends Update, as of 30 June 2008
Recent statistics as of 30 June 2008 confirm the trend towards higher average claims cost, and show some increase in the frequency especially of major claims.

Download Claim Update Fact Sheet 2008!

04.04.2008
The 2007 CEFOR NoMIS Report (Nordic Marine Insurance Statistics)
Here again is the annual update of the annual NoMIS statistics report, with comprehensive claims data by age group, vessel types, size groups and further key figures. Download the report here:

The 2007 NoMIS Report

The 2007 CEFOR Report on Hull Claim trends
13 March 2008, CEFOR members gathered for a one-day seminar, organised by CEFOR's Statistics Forum, to shed more light on the recent disturbing claim trends and their possible causes. As a supplement to CEFOR's own extensive claims statistics, Principal Safety Consultant Torkel Soma from Det Norske Veritas was invited to give his view of the current risk situation from the class point of view. Both presentations are available for download here:

2007 CEFOR Hull Claim trends

Reducing accidents and achieving Safety excellence (Torkel Soma, DNV)

20.03.2007
The 2006 CEFOR NoMIS Report (Nordic Marine Insurance Statistics)
Here again is the annual update of the comprehensive annual NoMIS statistics report. Judging from historic underwriting performance and cyclicality in premium rates, a sound basis for premium calculation is sorely needed. Although calculations of expected claims cost on individual fleets require expert judgement and more detailed statistics, the report does shed some light on claim costs in a macro perspective, by focusing on indices measuring claims per vessel, tonnage, sum insured and premium. Any feedback welcome to astrid.seltmann@cefor.no!
Please download the report here:

The 2006 NoMIS Report

04.04.2006
The 2005 NoMIS Report - Norwegian Marine Insurance Statistics
The annual NoMIS report on Hull & Machinery statistics is probably the most comprehensive statistics report available in the market. Judging from historic underwriting performance and cyclicality in premium rates, a sound basis for premium calculation is sorely needed. Although calculations of expected claims cost on individual fleets require expert judgement and more detailed statistics, the report does shed some light on claim costs in a macro perspective. The report was completely revised a year ago and focuses on indices measuring claims per vessel, tonnage, sum insured and premium. Any feedback is welcome to astrid.seltmann@cefor.no!
Please download the report here:

The 2005 NoMIS Report

09.12.2005
CEFOR Seminar on recent claim trends
On 18^th November CEFOR held a member seminar on recent claim trends, with special focus on nautical-related claims such as collision, contact, grounding, and ice. The following ppt-presentation gives a short summary of the major Hull & Machinery claim trends. See also CEFOR Newsletter December 2005 for more information on the seminar.

Recent H&M claim trends

14.04.2005
The 2004 NoMIS Report - Norwegian Marine Insurance Statistics
When it comes to Hull & Machinery statistics, the annual NoMIS report is probably the most comprehensive statistics report available in the market. Judging from historic underwriting performance and cyclicality in premium rates, a sound basis for premium calculation is sorely needed. Although calculations of expected claims cost on individual fleets require expert judgement and more detailed statistics, the report does shed some light on claim costs in a macro perspective. Earlier reports focused on exposure and claims separately, whereas the new report focuses on indices measuring claims per vessel, tonnage, sum insured and premium. Hopefully this change makes the results more readily available to the average reader. So you are welcome to download

The 2004 NoMIS Report
For the first time we also supply exposure curves for quoting marine reinsurance. This information should also give a sounder basis for calculations, and thus make marine insurance more attractive to reinsurers.

02.04.04
Norwegian Marine Insurance Statistics per 31.12.2003
Download the 2003 statistics characterising the portfolio underwritten by the Norwegian Marine Insurers:

Part 1 (Introduction, No. of vessels, (F)DWT)

Part 2 (Age, Sum Insured, Premium)

Part 3 (Claims, Results, Index,...)

30.07.2003
Norwegian Marine Insurance Statistics per 30.06.2003
Download 2003 statistics per 30.06.03 characterising the portfolio underwritten by the Norwegian Marine Insurers:

Part 1 (Introduction, No. of vessels, (F)DWT)

Part 2 (Age, Sum Insured, Premium)

Part 3 (Claims, Results, Index,...)

11.04.03
Norwegian Marine Insurance Statistics per 31.12.2002
Download the 2002 statistics characterising the portfolio underwritten by the Norwegian Marine Insurers:

Part 1 (Introduction, No. of vessels, (F)DWT)

Part 2 (Age, Sum Insured, Premium)

Part 3 (Claims, Results, Index,...)

08.11.02
1st CEFOR Engine Claims Forum 07.11.2002
With engine claims constituting 36% of hull insurance claims in number and 24% in cost, the CEFOR statistics forum took the initiative to gather member's claims managers and representatives from two major engine producers and Det Norske Veritas on the 7.11. in Oslo to discuss Engine failures at a round table.
The different actors presented their respective approaches to monitor and improve the situation, followed by lively discussions underway. The day was rounded off by a final discussion led by Ole Wikborg.

18.04.02
Norwegian Marine Insurance Statistics per 31.12.2001
Download the 2001 statistics characterising the portfolio underwritten by the Norwegian Marine Insurers:

Official Report - part 1 (Introduction, No. of vessels, (F)DWT)

Official Report - part 2 (Age, Sum Insured, Premium)

Official Report - part 3 (Claims, Results, Index,...)

05.04.01
Norwegian Marine Insurance Statistics
Recent statistics about the portfolio underwritten by Norwegian Marine Insurers (per 31 December 2000).

Official Report - part 1

Official Report - part 2

Official Report - part 3

13.09.99
CEFOR launches crusade to reduce machinery claims
Machinery incidents are the single most costly claims category for marine underwriters. In the period 1985 to 1997, Norwegian marine underwriters have paid out a total of USD 650 million in machinery claims. There is little evidence seen of improvements and CEFOR calls on classification societies to face and deal with this challenge.

13.09.99
Gloomy forecasts right on!
Last year Norway’s Central Union of Marine Underwriters (CEFOR) predicted marine insurance loss ratios in the order of 104 % for underwriting year 1997 and 135 % for 1998. This year these pessimistic predictions are confirmed by recent updates from the NoMIS database.

Read more.

CEFOR - NoMIS Statistics published in Annual Report /at Annual General Meeting

06.03.2009
CEFOR Annual Report 2008 - NoMIS Statistics extract

Download here.

04.04.2007
CEFOR Annual General Meeting and Seminar 2008 "Crewing in a global perspective"
After the CEFOR AGM, 3 April 2007 at Grand Hotel, Oslo, Managing Director Helle Hammer gave an overview over the state of the marine insurance market:

Managing director Helle Hammer, CEFOR: State of the market

CEFOR Annual Report 2007

Now available here! (Nordic Marine Insurance Statistics: p.18-25)

20.03.2007
CEFOR Annual General Meeting & Seminar: "Comply with the ethical rules of the game - or fail"
After the CEFOR AGM, 20 March 2007 at Grand Hotel, Oslo, Managing Director Tore Forsmo gave an overview over the state of the marine insurance market:

Managing director Tore Forsmo, CEFOR: Market key figures

CEFOR Annual Report 2006

Now available here!

05.04.2006 (updated 10.04.2006)
CEFOR Annual General Meeting & Seminar: "Managing Risk in Arctic Waters"
After the CEFOR AGM, 4 April 2005 at Grand Hotel, Oslo, Managing Director Tore Forsmo gave an overview over the state of the marine insurance market:

Managing director Tore Forsmo, CEFOR: Market key figures

CEFOR Annual Report 2005

Now available here! (16 MB)

18.03.2005
CEFOR Annual General Meeting 2005
Download Managing director Tore Forsmos presentation given at CEFORs Annual General Meeting on 15 March 2005, at Grand Hotel in Oslo:

Managing director Tore Forsmo, CEFOR: Market key figures

CEFOR Annual Report 2004

Now available here!

02.04.04
CEFOR Annual General Meeting 2004
Download presentations given at CEFORs Annual General Meeting on 1 April 2004, at Grand Hotel in Oslo:

Managing director Tore Forsmo, CEFOR: Market key figures

Guest speaker Claes Isacson, Gard: The Gard concept

01.04.04
CEFOR Annual Report 2003

Now available here!

11.04.03
CEFOR Annual General Meeting 2003
Managing director Tore Forsmo presented market key figures at the CEFOR Annual General Meeting 2003 on 10 April 2003 in Oslo.

Download presentation here!

10.04.03
CEFOR Annual Report 2002

Now available here!

22.03.02
CEFOR Annual General Meeting 2002
Managing director Tore Forsmo presented recent market figures at the CEFOR Annual General Meeting 2002 on 21 March 2002 in Oslo.

Download presentation here!

21.03.02
CEFOR Annual Report 2001

Now available here!

12.03.02
Premium Figures and Market Shares 2001 for the Norwegian Marine Insurance Market
The CEFOR Annual Report 2001 will be released at the Annual General Meeting the 21 March 2002. In the meantime view the spreadsheet showing the market figures for 2001.

Norwegian Marine Market Figures 2001

30.03.01
CEFOR Annual Report 2000

Now available here!

10.04.00
CEFOR Annual Report 1999:

Annual Report 1999

15.04.99
Annual Report 1998

View publication.

23.09.2009
IUMI Conference 2009 Bruges 13-16 September - Facts and Figures Reports
as presented on Monday 14.09.2009, by F&F Committee chairman Mr. Cedric Charpentier and Vice-chairman and Cefor analyst Ms. Astrid Seltmann. Including reported claims ladder statistics and estimated ultimate loss ratios for underwriting years 1996 to 2008.
In addition the presentations given by Philippe Chalmain and Dieter Berg at the F&F Open Forum, and additional statistical information issued by the F&F Committee presented in the Fact Sheets for Hull, Energy and Cargo.
Global Shipping Market Trends 2009 (Cedric Charpentier)
Global Marine Insurance Report 2009 (Astrid Seltmann)
     a) Conference presentation
     b) Extended version including additional graphs, data tables and definitions
The 2009 "Indian Summer" of World Economy (Philippe Chalmin)
Impact of the Worldwide Recession on Marine Insurance (Dieter Berg)
2009 Fact Sheet Hull
2009 Fact Sheet Energy
2009 Fact Sheet Cargo

All other IUMI conference presentations will be available for download at www.iumi.com.

30.09.2008
IUMI 2008 Vancouver 14-17 September - Facts and Figures Committee Reports
as presented at the IUMI conference, Monday 15.09.2008, by F&F Committee chairman Mr. Cedric Charpentier and vice-chairman and CEFOR analyst Ms. Astrid Seltmann. Including ladder statistics with reported claims and estimated ultimate results for underwriting years 1996 to 2007.
In addition to the presentations given at IUMI's plenary session, please find below additional statistical information issued by the F&F Committee, including two Fact Sheets for Hull and Energy as well as the F&F Press Release released Sunday 14.09.08.
Global Shipping Market Trends (Cedric Charpentier) & additional statistics
Global Marine Insurance Report (Astrid Seltmann)
2008 Fact Sheet Hull
2008 Fact Sheet Energy
2008 Press Release Facts and Figures Committee

All conference presentations are available for download at www.iumi.com.

11.03.2008
IUMI Spring Meeting Oslo, 9-10 March 2008
CEFOR hosted the 2008 IUMI Spring Meeting in Oslo in March, gathering more than 100 marine underwriters from around the world for technical workshops and market updates. The Spring Meeting is an annual event for all members of the IUMI committees preparing for the annual IUMI conference in September and discussing current trends and topics of common interest.
The 2008 conference will take place in Vancouver 14-17 September 2008: www.iumi2008.com

At the afternoon plenary session on 10 March, the Norwegian Shipowners� Association and CEFOR gave an overview of the Norwegian and Nordic markets respectively. The presentations are available for download here:
Norwegian Shiping Industry 2008 (Ms Karoline L. B�hler, Norwegian Shipowner's Association)
CEFOR Marine Insurance (Ms Helle Hammer, Managing Director of CEFOR)

In addition the new 2008 Spring edition of IUMI statistics (Hull, Energy, Cargo) is available here: http://www.iumi.com/index.cfm?id=7165 or here: http://www.iumi.com/index.cfm?id=7179

19.09.2007
IUMI 2007 Copenhagen
A - Facts and Figures Committee Reports
as presented at the IUMI conference in Copenhagen on Monday 10.09.2007 by F&F Committee chairman Mr. Tore Forsmo and CEFOR Analyst and F&F Committee member Ms. Astrid Seltmann.
Including ladder statistics for major markets with reported paid and outstanding claims and estimated final results for Underwriting years 1996 to 2006.
In addition to the two presentations given at IUMI's plenary session, please find below the new Fact Sheet issued by the Facts & Figures Committee and the F&F Press Release released Sunday 09.09.06.

Report on World Merchant Fleet (Tore Forsmo)

Global Marine Insurance Report (Astrid Seltmann)

Shipping Fact Sheet

Press Release Facts and Figures Committee

B - Facts and Figures Open Forum - Solvency II

Solveny II - An Introduction (Cosimo Turi)

Solvency II - Implications for the Marine Underwriter (Phil Ellis)

05.10.2006
IUMI 2006 Tokyo
A - Facts and Figures Committee Reports
as presented at the IUMI conference in Tokyo on Monday 18.09.2006 by F&F Committee chairman Mr. Tore Forsmo and CEFOR Analyst and F&F Committee member Ms. Astrid Seltmann.
Including ladder statistics for major markets with reported paid and outstanding claims and estimated final results for Underwriting years 1996 to 2005.
In addition to the two presentations given at IUMI's plenary session, please find below a World Shipbuilding Statistics Report and the F&F Press Release as issued Sunday 17.09.06.

Report on World Merchant Fleet (Tore Forsmo)

Global Marine Insurance Report (Astrid Seltmann)

World Shipbuilding Statistics (Simon Stonehouse)

Press Release Facts and Figures Committee

B - Facts and Figures Open Forum - Container Vessels and Risk Aggregation

Container Operations and Risk Handling form the Port Point of View / Risks of misdeclared cargos (Captain James Mc.Namara) - soon to come

Container Operations and Risk Handling from the Underwriter's Point of View

C - Ocean Hull Committee

Chairman's Report (Ole Wikborg)