Major claims return - Fires a concern

02.04.20, Statistics

Cefor released today its comprehensive hull claims trends as of 31 December 2019.

 

Highlights:

  • Major claims impact returned in 2019 to the average expected level.
  • Claims frequency remains at a stable level around 23%.
  • Total loss frequency continues long-term positive trend.
  • Reduction in insured values continues for certain vessel types

 
Special focus:

  • The fire challenge - Containers et al.  
  • Claims frequency versus vessel speed 
  • The impact of geography on claims 

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

Check all trends in detail here: 2019 NoMIS reports & Press release

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