No longer soft market for claims

No longer soft market for claims


More total losses - Offshore values plummeting - Chinese newbuildings - Fishing vessels riding out the storms

Cefor published the Nordic Marine Insurance Statistics as of December 2015 in conjunction with its Annual General Meeting 19 April 2016. The statistics highlight recent hull claim trends and give an overview over the Nordic marine insurance market.

The claim cost per vessel is on the rise, and there is no longer a soft market for claims. While 2014 showed an absence of claims in excess of USD 10 million, 2015 saw thirteen of these. Seven out of these are considered constructive or actual total losses.  

All 2015 NoMIS reports & Press release
(Ocean and coastal hull trends derived from NoMIS portfolio)