Claims impact down - No all-clear signal for fires

07.04.21, Statistics

Cefor released today its comprehensive hull claims trends as of 31 December 2020.

Highlights

  • Substantial reduction in overall claims frequency and cost
  • Impact of major claims at lowest level since 2005.
  • Vessel segments reacted differently to Covid-19
  • No reduction in large loss frequency for container vessels -
    Fires especially prevalent 

Besides the standard hull trends for claims frequency, severity and vessel values, Cefor turned this year the spotlight on the following with in-depth analysis:

  • Covid-19 impact on hull trends
  • Comparing vessel activity to claims frequency trends
  • Claims frequency versus vessel speed (bulk, container, tank)
  • Fires - No all-clear signal

The Cefor statistics highlight recent hull claims trends and give an overview over the Nordic marine insurance market. 

Check all trends in detail here: 2020 NoMIS reports & Press release

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