NoMIS - as of 31 December 2016
Increasing volatility by major claims impact - Total losses back to long-term positive trend - Depressed shipping markets drive insured values further down - Which role play lay-ups for the claims frequency?
The 2016 Cefor Annual Report gives an overview over the ocean and coastal hull claims trends and the NoMIS portfolio. While the overall claims frequency and repair cost stayed relatively stable in recent years, the (non-)occurrence of major losses makes the annual results increasingly volatile and less predictable. Insured values continue to decrease, especially in the bulk and supply/offshore segment.
The detailed NoMIS reports for ocean and coastal hull business provide breakdowns of claims trends by vessel type, age group, size group, sum insured layers and further subgroups. The trends are illustrated by key figures such as claims frequency and claim cost by vessel, by gross ton, by sum insured, and the average claim cost per claim.
Exposure curves for hull business are included in the ocean hull report.
The 2016 Cefor Annual Report
Underlying data 2016 Cefor Annual Report
(Ocean hull figures in USD; Coastal hull figures in NOK)
The 2016 Cefor NoMIS Ocean Hull Report
The 2016 Cefor NoMIS Coastal Hull Report