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2014 Annual seminar

2014 Annual seminar. Cefor Board of Directors as per 3 April 2014. Members: Svein Ringbakken , DNK, Chair Leif Nordlund , Alandia Insurance, Vice Chair Arne Gangdal , Gjensidige Christen Guddal , Gard Tord Nilsson , The Swedish Club Hans Christian Seim , NHC Rickard Svensson , If

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2014 Annual seminar

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  1. 2014 Annual seminar The Nordic Association of Marine Insurers

  2. Cefor Board of Directors as per 3 April 2014 • Members: • Svein Ringbakken, DNK, Chair • Leif Nordlund, Alandia Insurance, Vice Chair • Arne Gangdal, Gjensidige • Christen Guddal, Gard • Tord Nilsson, The Swedish Club • Hans Christian Seim, NHC • Rickard Svensson, If • Anne Systad, Codan • Personal Deputies: • Göran Skuncke • Jan Limnell • Petter Bøhler • Jan-Hugo Marthinsen • Lars Rhodin • Jan Limnell • Jonny Gangstad • Scott Ørmen The Nordic Association of Marine Insurers

  3. 2012: The year of the titans The Nordic Association of Marine Insurers

  4. Frequency all-time low Claims frequency by size of claims The Nordic Association of Marine Insurers

  5. Costly exceptions the new normal? Claims per vessel by size of claims (USD) The Nordic Association of Marine Insurers

  6. Pricing challenge Ultimate partial and total claim cost per vessel The Nordic Association of Marine Insurers

  7. Median values stable Median claim cost (USD), claims in excess of a certain amount The Nordic Association of Marine Insurers

  8. Coastal portfolio From 2010 improved reporting by coastal marine clubs => increase in number of minor fishing vessels

  9. Higher insured values = more volatile claim cost Partial claim cost per vessel by sum insured layer, incl IBNR

  10. Program The Nordic Association of Marine Insurers • Shipping market outlookNicolai Hansteen, Senior Shipping Analyst, Pareto Securities • Marine insurance market outlook Rolf Thore Roppestad, Chief Executive Officer, Gard • Sanctions due diligenceProf. Dr. Dieter Schwampe, Dabelstein & Passehl • Light Well Intervention vessels- How they operate- Insurance; drawing the line between marine & energyHåvard Ulstein, Managing Director, Island OffshoreGeorg Nygaard, Senior Underwriter Offshore Energy, Norwegian Hull Club

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