Strong major claims impact 1st half 201204.06.18, Statistics
While the average repair cost and claim frequency staid stable in the first half of 2012, major losses had an unprecedented impact on the overall figures. In addition to Costa Concordia, five more losses in excess of 30 MUSD were reported, as opposed to only two in the whole year 2011 and 2010 respectively.
Excluding total losses, both the average claim cost and freqency are stable since 2009. When interpreting the trends, please note that all figures reflect 100% of the vessels, while only a minor share of the Costa Concordia accident is covered in the Nordic market.
Check all claims trends including explanations here.