Cefor Hull Claims Trends Update as of 30 June 2013

Claim frequency and cost back to pre Costa Concordia levels

Increasing risk exposure to high-value vessels

The claim frequency shows a positive to stable trend after the peak in 2008. The frequency of total losses shows a long-term positive trend after some increase in 2012. The average repair cost, excluding total losses, reached in 2012 its lowest level since 2004. Some increase in 2013 is mainly due to two major losses in the first half year of 2013, which were no total losses. But despite a further decrease of insured value, the risk exposure to major losses remains high, due to an increasing share of high-value vessels in the portfolio. 

  
Read more about all hull claims trends as of June 2013 here:
Cefor Hull Claims Trends Update as of 30 June 2013