2018 June Hull Trends

Claims trends stay stable at low level, Vessel values slightly recovering, but increasing gap between average vessel values and size. 

Major claims impact continued to be low in the first half of 2018, the overall claims frequency continues its positive trend and stabilizes at a relatively low level, and total loss frequency reached a minimum again in the first half of 2018, and continues thus the last year's trend with some oscillation at low levels.  

Insured values dropped on average 2.5% on 2018 renewals. The improvement compared to the previous years is especially due to some recovery in the supply/offshore segment in 2018, following a recovery in the bulk market in 2017. However, it should be noted that there is an increasing gap between the development of vessel values as compared to the average vessel size, and the income may be influence by many factors. 

Read the complete report here.