Cefor Hull Claims Trends Update as of 30 June 2012

Strong major claims impact 1st half 2012

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 staid stable since 2009. When interpreting the figures, please note that all figures reflect 100% of the vessels, but that only a minor share of the Costa Concordia accident was covered in the Nordic market.   

Download all claims trends with text explanations here:
Cefor Hull Claims Trends Update as of 30 June 2012