2016 June Cefor Hull trends update
Claims trends per 30 June 2016: Some relief after 2015 increase in total losses
While 2015 saw an increase in total and major losses, bringing the major loss impact back to the expected level, this trend did not continue into 2016.
The overall claims frequency continues its positive downward trend. Also the total loss frequency is in 2016 back to its lowest registered level and thus continues the long-term downward trend.
The insured values dropped on average 5.6% on 2016 renewals. However, the situation is different for bulk and supply/offshore vessels, the values of which deteriorated further by 12% in 2016.
Get the whole report here by clicking on the picture: